Studley says it is working on a proposed $260-million merger with London-based Savills plc. The merger is expected to close by the end of May, with Savills, a global real estate leader, acquiring Studley, the preeminent American tenant representation and real estate advisory company.
In the U.S. the firm will be named Savills Studley and branded as follows:
Studley Chairman and CEO Mitchell Steir will continue as chairman and CEO of Savills Studley and Studley President Michael Colacino will remain in that same position at the merged company. Steir and Colacino will share a seat on the Savills Group Executive Board...Savills Will Pay $260M for Studley
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