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| CB Richard Ellis to acquire Trammell Crow Company CB Richard Ellis Group, the world's leading commercial real estate services firm, has entered into a definitive agreement to acquire Trammell Crow Company, one of the largest diversified commercial real estate services companies in the United States. The transaction is valued at approximately $2.2 billion, including the assumption of Trammell Crow Company's corporate debt as well as transaction and integration costs. It is expected to close either in late 2006 or early 2007, subject to approval by Trammell Crow Company's shareholders and federal regulatory agencies as well as other customary conditions. Upon completion of the transaction, the company will have combined pro-forma 2006 revenues of approximately $4.4 billion and 21,000 employees. It would be the first commercial real estate services company to qualify for the FORTUNE 500 list of the largest U.S. corporations. write your comments about the article :: © 2006 Construction News :: home page |