Cadillac Fairview Prices Equity Issue And Lists On The NYSE And TSE.TORONTO--(BUSINESS WIRE)--Nov. 5, 1997--Cadillac Fairview Co (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CDF) (NYSE NYSE See: New York Stock Exchange :CDF) Cadillac Fairview Corporation announced today that it has entered into an underwriting agreement relating to its initial public offering of 9,500,000 common shares at a price of Canadian $32.00 per share or U.S. $22.89 per share for total gross proceeds of Canadian $304,000,000 or U.S. $217,453,505. Cadillac Fairview has also granted the underwriters an option to purchase 1,425,000 additional common shares at the same price per share. Closing of the offering is expected to occur on November 12, 1997. Net proceeds from the offering will be used to pay down term debt, interim financing associated with recent acquisitions and the balance for working capital. Commencing November 6, Cadillac Fairview's common shares trade on an if, as and when basis, under the symbol "CDF" on both 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. . 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 92 properties amounting to approximately 48 million square feet, including some of Canada's landmark properties such as the 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, and Pacific Centre in Vancouver. Copies of the prospectus may be obtained from CIBC Wood Gundy CIBC Wood Gundy was created in 1988 with the purchase of Wood Gundy Inc. by CIBC. CIBC Wood Gundy is a division of CIBC World Markets. Canadian Imperial Bank of Commerce Chief Executive Officer: Gerald T. McCaughey | FY 2006 Statistics: Net income: $2. Securities at BCE Place, 161 Bay Street, Toronto, Ontario M5J 2S8 and at Goldman, Sachs & Co. at 85 Broad Street, New York, NY 10004. CONTACT: Cadillac Fairview Corporation Jon N. Hagan, 416/598-8739 416/598-8254 (fax) |
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