Savills PLC (SVS.L)
25 Jul 2014
|Market Cap (Mil.):||£797.88|
|Shares Outstanding (Mil.):||134.89|
- British property consultant Savills Plc said it would buy U.S.-based commercial real estate services firm Studley Inc for up to $260 million to expand in North America.
* Shares fall 2 pct (Adds details from statement, background, share movement)
(Corrects paragraph 2 to ...initial consideration..., not ...initial cash consideration...)
* Proposed acquisition of Studley, Inc for up to US$260 million (consensus $1.38 billion)
Investment sales of Singapore property, which cover big-ticket deals of at least S$10 million ($7.9 million), have continued to languish in the first quarter, according to separate figures from CBRE and Savills.