REAL ESTATE
Times Staff and Wire Reports
Horsham Seeks Merger With Trizec: The Toronto gold and oil holding company said it made the offer to Trizec Corp., in which it holds a 48% stake, in a deal that would create a real estate company with a market capitalization topping $1.5 billion. Toronto-based Trizec is one of North America’s largest publicly traded real estate firms. Horsham Corp. also has stakes in Toronto-based Barrick Gold Corp., the world’s third-biggest gold producer, and St. Louis-based refiner Clark USA Inc. The merged entity would be called Trizec Hahn Corp. Trizec established a special committee of the board to consider the proposal.
