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Article: Sale/Leasebacks flourish as companies mine cash from existing assets.
- Article from:
- Private Placement Letter
- Article date:
- July 29, 2002
- Author:
CopyrightCOPYRIGHT 2002 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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As the capital markets continue to tighten, many companies are squaring-up their balance sheets, looking to squeeze cash from their existing capital base. Consequently, asset sale/leaseback transactions continue to maintain a strong flow, with four recent deals coming out of real estate investment banking firm W.P. Carey.
The company announced last week that it has acquired and leased back seven key manufacturing facilities from Grand Rapids, Mich.-based Tower Automotive, Inc. for approximately $55.7 million. Tower Automotive is a leading global designer and producer of vehicle structural components and assemblies used by the major automotive original equipment ...
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Article: TOWER AUTOMOTIVE ANNOUNCES NEW LEADERSHIP TEAM
PR Newswire;
October 17, 1994 ;
700+ words
... ... repositioning of its businesses, Tower Automotive (Nasdaq: TWER), a Grand Rapids ... Campbell, "The leadership team of Tower Automotive brings together a unique blend of ... maximum value to our customers." Tower Automotive's new leadership team comprises ...
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