Subject category:
Finance, Accounting and Control
Published by:
Ivey Publishing
Version: 2002-10-04
Length: 33 pages
Data source: Field research
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Abstract
Wayne Adlam, head of equity capital markets for CIBC Wood Gundy Securities Inc (Wood Gundy), sat at his desk contemplating placing a value on the equity units of the Legacy Hotels Real Estate Investment Trust. Wood Gundy and RBC Dominion Securities Inc had been given the mandate to co-lead manage Legacy''s Initial Public Offering (IPO). Legacy planned to use the proceeds of its IPO along with funds raised in a concurrent $300 million subordinated debt offering to invest in 11 hotel properties located in major business centres across Canada. The hotel properties would be acquired from CP Hotels.
About
Abstract
Wayne Adlam, head of equity capital markets for CIBC Wood Gundy Securities Inc (Wood Gundy), sat at his desk contemplating placing a value on the equity units of the Legacy Hotels Real Estate Investment Trust. Wood Gundy and RBC Dominion Securities Inc had been given the mandate to co-lead manage Legacy''s Initial Public Offering (IPO). Legacy planned to use the proceeds of its IPO along with funds raised in a concurrent $300 million subordinated debt offering to invest in 11 hotel properties located in major business centres across Canada. The hotel properties would be acquired from CP Hotels.