Summary
NEW YORK (Reuters) - CB Richard Ellis Inc. stock rose 13% on Wednesday [June 10] after the world's largest real estate services firm said it agreed to sell 13.4 million shares to hedge fund Paulson & Co. and expected to generate $100 million from the sale.
In addition, CB Richard Ellis issued quarterly guidance for the first time in several quarters in advance of marketing an offering of $400 million senior subordinated notes due 2017.See the full content of this document
Extract
Cb Richard Ellis Jumps On Sale of Shares, Debt
The Los Angeles-based company also plans to raise $50 million by selling shares from time to t...
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