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The article reports on the offer of Cadillac Fairview Corp. to buy back up to 15 million of its own shares in Canada. The offer resulted in the tussle between two of Canada's wealthiest families, the Bronfmans and the Reichmanns. Charles Bronfman secured family control by bringing the total share of the family to just over 51 percent.

Profiles the Reichmann family, following the 1992 demise of their company Olympia & York Developments Ltd. Start-up of another real estate business by Philip Reichmann; Other family members working to redeem their name and build a business empire; Abraham Reichmann and Destination: Technodome, to be developed outside of Toronto, Ontario; Paul Reichmann's comeback with Central Park Lodges Ltd.; How the next generation was freed for entrepreneurship by the previous generation's failure. INSETS: Cyberspace salesman, by J.S.;Rolling forward, by J.S..

The article focuses on the plans of the Reichmann family of Canada to venture in the oil business. The Reichmanns purchased 60.2 percent of Gulf Canada Ltd. from Chevron Corp., which is a third of their estimated $15.6 billion assets. They took advantage of the new favorable policies in the country, focalizing on the country's petroleum industry. However, the Reichmanns are in for new risks, inlcuding the probability of oil price decreases, as well as troubles in interest rates.