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Article: Jones Lang LaSalle and Spaulding & Slye Complete Transaction to Merge Operations.
- Article from:
- PR Newswire
- Article date:
- January 3, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CHICAGO, Jan. 3 /PRNewswire-FirstCall/ -- Jones Lang LaSalle Incorporated , the world's leading real estate services and money management firm, announced today that the transaction to merge operations with Spaulding & Slye, a privately held real estate services and investment company with offices in Boston and Washington, DC, has been completed.
Terms for the transaction, which was financed with Jones Lang LaSalle's existing revolving credit facility, were $150 million cash paid at closing with provisions for additional consideration and an earn-out that are subject to certain contract provisions and performance.
While the combined firm will continue ...