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March 21, 2019

JLL to buy HFF for $2B

By BRIAN MILLER
Journal Staff Reporter

Jones Lang LaSalle announced on Tuesday that it will acquire Holliday Fenoglio Fowler. The cash and stock deal, expected to close in the third quarter, will be worth about $2 billion.

The boards of directors of both companies have approved the deal. HFF shareholders and federal regulators still need to approve it. HFF shareholders will receive $24.63 in cash and 0.1505 JLL shares for each HFF share.


 
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