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Case
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Reference no. 9A98N004
Published by: Ivey Publishing
Originally published in: 1998
Version: 2002-10-04
Length: 33 pages
Data source: Field research

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.
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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.

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Location:
Size:
Large

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