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Riocan CEO Edward Sonshine speaks to shareholders during the RioCan annual general meeting held in Toronto, Ont. June 7, 2011. (Kevin Van Paassen/The Globe and Mail)
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RioCan’s deal making distracts from troubling payouts
TIM KILADZE
— The Globe and Mail
Published
Last updated
Every month now, it seems like there’s a new major announcement from RioCan.
Chief executive officer Edward Sonshine’s latest plans include: expanding on his own in the U.S., breaking a joint venture his REIT signed just two years ago; inking a partnership with Allied Properties to scoop up mixed-use urban sites and develop them together; and now getting in on the hostile bid to acquire Primaris Retail REIT.
