Brookfield Properties Corp. announced on July 24, 2000 separate proposals to acquire all of the outstanding shares of two of its subsidiaries, Gentra Inc. and Carma Corp. for approximately $240 million. The deal will be realized through a combination of cash and common shares of Brookfield.
Torys is acting for Brookfield with a team that includes Edwin Nordholm, Michael Siltala, Phil Panet, Jim Welkoff and Gavin Sinclair. Osler, Hoskin & Harcourt LLP is acting for the Special Committee of Gentra. McCarthy Tétrault is acting for the Special Committee of Carma.