Canadian Business Network

Subscribe:

Magazine

Newsletters

Read Magazine

Home
News & Markets
News & Markets
- Recent Articles Eurogroup head admits possibility Greece could ditch euro, though 'working assumption' is no
- UK economy contracted by greater than expected 0.3 per cent in first quarter
- Oil rises slightly off 7-month lows near $90 on signs of weakening China growth
- Alberta's finance minister says he's not worried about slump in oil prices
- Oil lingers near 7-month lows amid signs of weakening China growth
- Sony ends TV panel joint venture with rival Sharp under new strategy
- Topics
- Daily News Headlines
- Stocks, Bonds, Commodities
- Joe Castaldo's Blog
- Industries
- Energy
- Financial
- Consumer Goods
More from News & Markets
Blogs & Analysis
Blogs & Analysis
- Recent Articles WestJet answers some in-flight tablet questions
- JPMorgan and why derivatives may be ungovernable
- Capitalism and bad behaviour
- Facebook: the Internet's Rocky Balboa
- Newly public, Facebook faces new public responsibilities
- Our Authors
- Larry MacDonald
- Chris MacDonald
- Jacqueline Nelson
- Jeff Beer
- Peter Nowak
- Richard Branson
- James Cowan
- Samson Okalow
- ALL AUTHORS
More from Blogs & Analysis
Strategy
Strategy
- Recent Articles Tim Hortons' new coffee cup: why the supersize?
- CP Rail rolls out new strategy
- CEO Poll: How high gas prices affect business
- Google Drive accelerates shift to cloud computing
- Quiz: How well do you know Canada's housing market?
- Q&A: Brian Scudamore, founder/CEO, 1-800-Got-Junk
More from Strategy
Technology
Technology
- Recent Articles RIM attempts turnaround
- Infographic: Facebook IPO Hype Meter
- HP to cut 27,000 jobs to save up to $3.5B annually
- HP's missteps culminate in loss of 27,000 jobs
- Are location-based apps the future of dating?
- Topics
- Technology Blog
- RIM
- Energy Industry
- Samson Okalow's Blog
- Jeff Beer's Blog
More from Technology
Investing
Investing
- Recent Articles Investing in sin stocks
- Infographic: Facebook IPO Hype Meter
- How we picked the stars
- Facebook: Steer clear of the hype
- Facebook: Press the 'like' button, soon
- Facebook stock up slightly in public debut
- Topics
- Investing Blog
- Financial
- Daily News Headlines
- Real Estate
- Larry MacDonald's Blog
- Thomas Watsons' Blog
More from Investing
Lifestyle
Lifestyle
- Recent Articles Tim Hortons' new coffee cup: why the supersize?
- Airline food goes haute cuisine
- Subliminal: How Your Unconscious Mind Rules Your Behavior
- Q&A: Alan Bell, open water swimmer
- When should you leave the office and go home?
- Extreme Trust: Honesty as a Competitive Advantage
More from Lifestyle
Lists & Rankings
Lists & Rankings
- Lists & Rankings
- Investor 500
- Rich 100
- Portraits In Leadership
- Puck Money
- Canada's Richest Neighbourhoods
- MBA Guide
- 2012 TSX Venture 50
- Outlook 2012
- Best Jobs 2012
More from Lists & Rankings

Hot Topics:

Print Text: A A

Topics News & Markets

Genesis to streamline company, sell assets after failing to sell company

By The Canadian Press | February 21, 2012

Chat Email

CALGARY - Genesis Land Development Corp. plans to streamline operations and dispose of assets after failing to sell the company in a strategic review.

The Calgary-based real estate developer (TSX:GDC) said Tuesday its board had finished a strategic review started last spring but "the process did not result in a transaction adequately reflecting value,:

"The special committee determined that it is in the best interest of Genesis' shareholders to terminate the process."

Genesis said it will try to boost shareholder by streamlining the company's structure and operations, increase cash flows and sell off assets.

Genesis is a developer and home builder with land holdings in Alberta and British Columbia and most of its active operations in the Calgary area.

In trading Tuesday on the TSX, Genesis shares fell eight cents to $3.02, a drop of 2.6 per cent.

Print Text: A A

Topics News & Markets

Comments

Comment Anonymously Login to Comment

User name:
User email: Your email will not be displayed
Title:
Comment
Share to Facebook

Cancel

Sort

Loading comments - please wait...

1 of 1 Back Next

- Newsletter
- Twitter
- Facebook
- Podcast
- Mobile
- RSS
- Newsletter
- Twitter
- Facebook
- Podcast
- Mobile
- RSS

TOOLS:

Stock Quote / Mutual Funds / Portfolio

Market News

More Market News

Popular
Commented

Canada's Best Jobs

Special Report: Find your future in these professions.

Poll

View the results from recent polls

twitter From Twitter

Connect

- Newsletter
- Twitter
- Facebook
- Podcast
- Mobile
- RSS
- Newsletter
- Twitter
- Facebook
- Podcast
- Mobile
- RSS

Rankings & Awards

More Awards & Rankings

More from the Canadian Business Network

Canada's Best Jobs 2012: Wondering who's hiring, what they're paying and whether their industry is booming or dwindling? Our rankings will help you plot a practical course through today's job market.

JPMorgan and derivatives: Directors don't understand them and regulators are too conflicted.

Canada's youth see little employment gains: Here's a silver lining for young Canadians seeking work: at least you're not looking for jobs in 1983, or in Greece.

SNC-Lavalin scandal won't hurt future business: analysts: A police raid is not a good sign, but despite the turmoil, analysts aren’t calling SNC-Lavalin a sell.

Internet too important for free-market economics: The Internet is not just a service. It's the most democratizing and equalizing technological tool ever invented.

ISSUE: June 2012

PROFIT: Issue - March 2012

Issue: April 30, 2012

- Newsletter
- Twitter
- Facebook
- Podcast
- Mobile
- RSS
- Newsletter
- Twitter
- Facebook
- Podcast
- Mobile
- RSS

Blogs & Analysis: CSR; /; Business Ethics; /; Consumer Insight; /; Sales & Marketing; /; Performance; /; Tech; /; Business Briefings; /; Investing

Multimedia: CBN Podcasts; /; CBN Videos; /; CBN Galleries

Tools: My Portfolio; /; Discussions; /; Stock Quotes; /; Mutual Fund Lookup