HFF, Inc. engages in the provision of commercial real estate and capital markets services. It offers investment banking, loan sales & distressed asset sales, investment advisory services, debt placement solutions & services, entity & project level equity services and commercial loan services. The company was founded in 1982 and is headquartered in Dallas, TX.
Company website investors page
http://phx.corporate-ir.net/phoenix.zhtml?c=205281&p=irol-irhome
Jones Lang LaSalle Inc. (JLL) is a leading professional service firm specializing in real estate and investment management. On March 19th, JLL announced an agreement in which it will purchase all outstanding shares of HFF Inc. (HF) in a cash and stock transaction valued at approximately $2 billion.
Under the terms of the agreement. HFF shareholders will receive $24.63 in cash and 0.1505 shares of JLL for each HFF share. This values HFF at $49.16 per share, a 6% premium over the March 18th closing price. JLL plans to fund the cash part of the deal using both cash reserves and its existing syndicated credit facility. The transaction has already received the approvals of the boards of directors of both companies. All seven HFF executive committee members have settled to vote their shares in favor of the deal, representing 3% ownership of the company. The transaction is expected to close in the third quarter of this year subject to HFF shareholder approval and regulatory review. At the close of the transaction, JLL and HFF shareholders are expected to own 87% and 13% of the combined company respectively
https://seekingalpha.com/article/4252303-jones-lang-lasalles-acquisition-hff-strengthens-capital-markets-presence
Jones Lang LaSalle Inc. (JLL) is a leading professional service firm specializing in real estate and investment management. On March 19th, JLL announced an agreement in which it will purchase all outstanding shares of HFF Inc. (HF) in a cash and stock transaction valued at approximately $2 billion.
Under the terms of the agreement. HFF shareholders will receive $24.63 in cash and 0.1505 shares of JLL for each HFF share. This values HFF at $49.16 per share, a 6% premium over the March 18th closing price. JLL plans to fund the cash part of the deal using both cash reserves and its existing syndicated credit facility. The transaction has already received the approvals of the boards of directors of both companies. All seven HFF executive committee members have settled to vote their shares in favor of the deal, representing 3% ownership of the company. The transaction is expected to close in the third quarter of this year subject to HFF shareholder approval and regulatory review. At the close of the transaction, JLL and HFF shareholders are expected to own 87% and 13% of the combined company respectively
https://seekingalpha.com/article/4252303-jones-lang-lasalles-acquisition-hff-strengthens-capital-markets-presence
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