CB Commercial Announces Proposed Public Offering.LOS ANGELES--(BUSINESS WIRE)--May 1, 1998--CB Commercial Real Estate Services Group Inc. (NYSE NYSE See: New York Stock Exchange :CBG CBG corticosteroid-binding globulin. ) Friday announced that next week it plans to file with the Securities and Exchange Commission a prospectus supplement to the company's omnibus shelf registration statement in conjunction with a proposed offering of $200 million aggregate principal amount of Senior Subordinated Notes due 2008. The underwriters for the offering are Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. & Co., BancAmerica Robertson Stephens and Nationsbanc Montgomery Securities. The company intends to consummate this new financing in May 1998. CB Commercial, with headquarters in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. and more than 8,000 employees worldwide, serves real estate owners, investors and occupiers through more than 200 principal offices in 29 countries. Services include property sales and leasing, investment property acquisitions and dispositions, property management, corporate advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal and facilities management, development advisory, mortgage banking, investment management, capital markets, appraisal/valuation and market research. When available, copies of the prospectus and prospectus supplement may be obtained from either Merrill Lynch & Co., 250 Vesey St., New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , N.Y. 10281, 212/449-1000; BancAmerica Robertson Stephens, 231 S. LaSalle St., 18th Floor, Chicago, Ill. 60697, 312/828-7406; or Nationsbanc Montgomery Securities, 600 Montgomery St., San Francisco, Calif. 94111, 415/627-2000. For more information on CB Commercial (via facsimile and at no cost), call 800/PRO-INFO and dial client code CBG. If calling from outside the United States, dial 908/544-2850. -0- This release may contain forward-looking statements as well as historical information. Forward-looking statements, which are included in accordance with the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, may involve known or unknown risks, uncertainties and other factors that may cause the company's actual results and performance in future periods to be materially different from any future results or performance suggested by the forward-looking statements in this release. Such forward-looking statements speak only as of the date of this release. The company expressly disclaims any obligation to update or revise any forward- looking statements found herein to reflect any changes in company expectations or results or any change in events. CONTACT: CB Commercial, Los Angeles Cary Brazeman, 213/613-3227 or The Financial Relations Board Karen Taylor, 310/442-0599 (general information) Stephanie Mishra, 415/986-1591 (investor/analyst contact) |
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