Genesis Land Development sweetens takeover bid for Polar hedge fund

Date: Monday, September 22, 2003

In July, Genesis said the acquisition opens the door for the company to possibly convert its operations into a real estate development income trust. Units in the Polar trust (TSX:PHT.UN) were unchanged at $7.95 Monday on the Toronto stock market. Shares in Genesis (TSX:GDC) fell one cent to $2.15. The sweetened offer was announced after markets closed.