The Merger of Trizec Corporations and Horsham Incorporated The real estate industry has been hit hard in the 1990’s. Many companies have been struggling to maintain their position in a rapidly decreasing real estate market. The largest Canadian based real estate company to experience an accumulation of debts is, the once Calgary based, Trizec Corporations.1 Trizec Corporations is experiencing over 600 million dollars worth of outstanding debts and was near bankruptcy until the Toronto based investment group, Horsham Incorporated, invested 600 million dollars in return for 43%