1. The Edward J. DeBartolo Corporation Debt Restructuring Eric P Stoclet
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4. Allied Department Stores – Acquisition by Campeau Friday, September 11, 2009 CANADIAN WINS ALLIED RETAILERS FOR $3.6 BILLION By ISADORE BARMASH (The New York Times) November 3, 1986, Monday Ending a tumultuous struggle to remain independent, (…), agreed yesterday to be acquired by a Canadian concern. ALLIED STORES RECEIVES $2.4 BILLION CANADIAN BID By ISADORE BARMASH (The New York Times) September 5, 1986, Friday The Campeau Corporation, a Canadian real estate developer, offered yesterday to buy the Allied Stores Corporation, one of the largest American retailers, which owns such well-known stores as Bonwit Teller, Brooks Brothers, Ann Taylor, Jordan Marsh and Garfinckel's, among others. Campeau offered $58 a share, or $2.47 billion
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10. Federated Department Stores - Bankruptcy Friday, September 11, 2009 What Chapter 11 Means for Campeau 15 January 1990 The Associated Press Campeau Corp.'s decision to seek Chapter 11 bankruptcy protection from creditors for its two U.S. retailing subsidiaries on Monday means the debt-swamped businesses can operate, and many consumers may never notice a change. None of the 258 stores operated by Federated Department Stores Inc. and Allied Stores Corp. is expected to close although some may be sold as part of any future restructuring, which will have to be approved by a bankruptcy judge. Under Chapter 11 of the Federal Bankruptcy Act, companies are shielded from creditors while they remain in business and attempt to reorganize their finances so all debts eventually can be repaid. Many companies emerge from Chapter 11 as smaller but financially sound businesses. In Campeau's case, the Chapter 11 filing's immediate result would be to keep stores open and supplied. Many businesses had been reluctant to continue shipping merchandise to Campeau stores because they weren't sure they'd be paid, but the filing will establish a timetable for payment that could help reassure these suppliers. It was unclear how the filing may affect Campeau's 110,000 employees in the United States, some of whom presumably could be laid off in any bankruptcy restructuring. Immediately, however, the company's stores have indicated that employees would continue to receive pay and benefits and business would continue as usual. Uncertainty over whether Campeau would be able to repay the $8 billion in debts it has acquired through takeovers of Federated and Allied was the main reason the parent company sought bankruptcy court refuge for its U.S. units.
11. Federated Department Stores - Bankruptcy Friday, September 11, 2009 Campeau Loan Risk Said Low For DeBartolo Mary Jo Nelson 23 January 1990 The Daily Oklahoman Ohio developer Edward J. DeBartolo's $480 million loan to Canadian Robert Campeau is well secured and DeBartolo probably has no serious financial exposure because of problems related to Campeau's $6.6 billion takeover of Federated Department Stores Inc., business authorities said Monday. (…) the loan is backed by the Ralph's Grocery store chain in California, which is believed to be worth more than $480 million. (…)
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18. The EJDC – Closure Friday, September 11, 2009 Developer DeBartolo Is Going Public By JEANNE B. PINDER 16 September 1993 The shopping center empire of Edward J. DeBartolo, one of the nation's biggest, will join the rush of real estate owners turning to Wall Street for money by becoming a real estate investment trust with a $600 million public offering. The deal, announced yesterday, is the biggest REIT equity offering ever. With the conversion, Mr. DeBartolo's company will become yet another real estate developer to break from traditional sources of capital, like banks and insurance companies. (…) DeBartolo Realty Corporation was formed as a real estate investment trust to make an offering of 31.6 million shares of stock, with Morgan Stanley and Smith Barney Shearson as managers of the offering. (…) The REIT will own interests in 51 regional and other malls and seven other properties the DeBartolo Corporation now owns throughout the country, according to the announcement. Another 47.7 percent would be owned by the DeBartolo Corporation and its employees, with a retail partner holding the balance. (…) The DeBartolo announcement said that the money raised would be used not only to buy the DeBartolo Properties partnership interest for the REIT but also to repay some debt and refinance some at lower rates. (…)
19. The EJDC – Closure Friday, September 11, 2009 Simon Property To Acquire DeBartolo for $1.5 Billion By ADAM BRYANT Wednesday, March 27, 1996 The Simon Property Group said yesterday that it would acquire the DeBartolo Realty Corporation for nearly $1.5 billion under an agreement that would solidify Simon's position as the largest developer and operator of shopping centers in the country.