OTHER NEWS - Oct. 20, 1993
From Times Staff and Wire Reports
Stock for Securities Swap: Koll Real Estate Group Inc. of Newport Beach, formerly Bolsa Chica Co., said it is discussing swapping stock for its own securities held by Libra Invest & Trade Ltd. in return for a stake in Lake Superior Land Co. Libra owns $53 million worth of Koll debentures; 5.9 million shares, or 15% of Koll’s common stock; and 28% of Koll’s preferred stock, or 12 million shares. Lake Superior Land owns and manages 300,000 acres of forest and shoreline on Lake Superior in Michigan and Wisconsin.
