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curious new angle from the australian

  1. 6,716 Posts.
    From the Australian:

    "Centro's problems stem from its use of $US3.4 billion in short-term debt to finance its acquisition last year of New York-based New Plan Excel Realty Trust for $US3.7 billion."

    "Centro failed to attract investors quickly enough to buy the New Plan properties off its books before the debt came due."



    This is a rather odd theory for the Australian to be promoting . Is this journalist suggesting that Centro was planning to offload all of the "New Plan" properties within six months to pay back their loan ? That hardly seems a credible theory. Has anyone else heard this one before ?
 
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