Cadillac Fairview Continues To Explore Strategic Alternatives.TORONTO--(BUSINESS WIRE)--Nov. 23, 1999-- (TSE:CDF.) (NYSE NYSE See: New York Stock Exchange :CDF) Cadillac Fairview Corporation announced today that it is continuing to explore a number of strategic alternatives, including a possible sale of all or part of the Corporation, consistent with its announcement on September 28, 1999. Cadillac Fairview is currently involved in discussions concerning a sale of all or part of the Corporation. However, there can be no assurance that any agreement will be reached or any transaction completed. Cadillac Fairview is one of the largest owners, managers and developers of commercial real estate in North America, focusing on high quality retail centres in Canada and the U.S., and office properties in major Canadian cities. It owns interests in or manages 102 properties totaling 51 million square feet in Canada and the United States The United States and Canada share a unique legal relationship. U.S. law looks northward with a mixture of optimism and cooperation, viewing Canada as an integral part of U.S. economic and environmental policy. , including some of Canada's landmark properties such as Toronto Eaton Centre The Toronto Eaton Centre is a large shopping mall and office complex in downtown Toronto, Ontario Canada, named after the now-defunct Eaton's department store chain. In terms of the number of visitors, the shopping mall is Toronto's top tourist attraction. and Toronto-Dominion Centre in Toronto, Pacific Centre in Vancouver and Montreal Eaton Centre in Montreal. Cadillac Fairview is a public company listed on The New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. and The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the symbol CDF. Visit Cadillac Fairview's website at www.cadillacfairview.com. This press release contains forward-looking statements that involve inherent risks and uncertainties. We have identified certain important factors that may cause actual results to differ materially from those contained such forward-looking statements. These factors are described in the risk management section of Management's Discussion and Analysis Management's discussion and analysis (MD&A) A report from management to shareholders that accompanies the firm's financial statements in the annual report. It explains the period's financial results and enables management to discuss topics that may not be apparent in the financial of Operations and Financial Condition found in the Corporation's Form 40-F currently filed with the SEC and subsequent public disclosure documents filed with the SEC. |
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