It’s Official: Jones Lang LaSalle Buying Staubach for $613M

We previously reported that the deal was essentially done, but Jones Lang LaSalle (JLL) confirmed today that it is in fact buying Staubach. Jones Lang LaSalle is paying $613M for Staubach over 5 years, with $100M in stock and $123M in cash up front at the closing. An additional $114M in earnouts will be paid to Staubach depending on whether it meets certain performance goals, bringing the total acquisition price potentially to $727M.

The deal is expected to close by the third quarter. The acquisition caps on and off rumours of an acquisition. We indicated on June 9th that it was a done deal, and more details trickled in over the following week.

Similar Posts:

• Jones Lang LaSalle (JLL) Acquiring Staubach for $735M
• Jones Lang LaSalle and Staubach Merger To Be Announced Today?
• Jones Lang LaSalle Completes Staubach Acquisition
• Jones Lang LaSalle and Staubach Merging
• Banks Increasing CRE Lending; Bond Spreads To Widen