Jones Lang LaSalle Acquires HFF in Bid to Bolster its Capital Markets Business; Shares Fairly Valued
Jones Lang LaSalle announced this morning that it is acquiring brokerage HFF in an approximately $2 billion deal. The transaction, which is expected to close in the third quarter of 2019, includes a combination of cash and stock, representing a slight premium over HFF’s share price as of market close on March 18. As part of the deal, shareholders of HFF will receive $24.63 in cash and 0.1505 Jones shares for each share of HFF owned. Management is pursuing this acquisition to help grow its Capita...Jones Lang LaSalle is a professional services firm that engages in real estate and investment management. The company delivers an array of services across four business segments. The company manage its Real Estate Services offerings across three geographic business segments: the Americas, Europe, Middle East and Africa (EMEA), and Asia Pacific, and the company manages its investment management business globally as LaSalle Investment Management. In its Americas, EMEA and Asia Pacific operating segments, the company provides a range of leasing, capital markets, integrated property and facility management, project management, advisory, consulting, valuations and digital solutions services.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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