CB Richard Ellis Group, Inc. Files for Initial Public Offering of Common Stock.Business Editors LOS ANGELES--(BUSINESS WIRE)--Feb. 17, 2004 CB Richard Ellis CB Richard Ellis Group, Inc. NYSE: CBG is a multinational real estate corporation currently based in Los Angeles, California, U.S.A.. On December 20, 2006, the corporation, also known as CBRE, completed acquisition of Trammell Crow Co. in a transaction valued at $2. Group, Inc. has filed a registration statement with the Securities and Exchange Commission for an initial public offering (IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. ) of its common stock, the Company announced today. CB Richard Ellis Group, Inc. is the parent company of CB Richard Ellis Services, Inc., the world's largest commercial real estate services firm in terms of 2002 revenue, with 220 offices in 48 countries worldwide. The IPO is expected to consist of newly issued shares being offered by the Company and secondary shares offered by affiliates of Blum Capital Partners, L.P. and other selling stockholders. In addition, the Company expects that the selling stockholders will grant the underwriters an option to purchase from them additional common stock to cover over-allotments, if any. The offering is being made through an underwriting syndicate Underwriting syndicate A group of investment banks that work together to sell new security offerings to investors. The underwriting syndicate is led by the lead underwriter. See also: Lead underwriter. underwriting syndicate See syndicate. led by Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control and Citigroup Global Markets Inc., which will act as joint book-running managers. When available, a copy of the prospectus relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the offering may be obtained by contacting:
Credit Suisse First Boston
Eleven Madison Avenue
New York, NY 10010-3629
Attn: Prospectus Department
Citigroup Global Markets
Brooklyn Army Terminal
140 58th Street
Brooklyn, NY 11220
Attn: Prospectus Department
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or a solicitation solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About CB Richard Ellis Headquartered 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. , CB Richard Ellis is the world's largest commercial real estate services firm in terms of 2002 revenues. With approximately 13,500 employees, the company serves real estate owners, investors and occupiers through 220 principal offices worldwide. |
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