Real estate and investment management firm Jones Lang LaSalle has agreed to acquire HFF in a cash-and-stock deal with an equity value of about $2bn.
JLL will pay $24.63 in cash and 0.1505 JLL shares for each HFF share owned, equal to a total consideration of $49.16 per HFF share, or a 22% premium over the volume weighted average price of HFF over 60 trading days.