JONES Lang LaSalle has completed its merger with the Staubach Company, in the United States.
Under the terms of the transaction, JLL paid $US123 million in a combination of cash and assumed net liabilities and $US100 million in stock at closing, with an additional $US390 million paid out in cash over five years, for all of the outstanding capital stock of Staubach Holdings, Inc. Potential earn out payments of up to $US114 million will be paid subject to the achievement of certain performance metrics.
Australian Property Journal
