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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): APRIL 21, 1998
CB COMMERCIAL REAL ESTATE SERVICES GROUP, INC.
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(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
DELAWARE 001-12231 52-1616016
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(STATE OR OTHER (COMMISSION FILE (IRS EMPLOYER
JURISDICTION OF NUMBER) IDENTIFICATION NO.)
INCORPORATION)
533 SOUTH FREMONT AVENUE, LOS ANGELES, CALIFORNIA 90071
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(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE (213) 613-3123
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(FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)
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ITEM 5. OTHER EVENTS.
On April 21, 1998, CB Commercial Real Estate Services Group, Inc. issued a
press release announcing that it has completed the previously announced
acquisition of REI Limited, the holding company for all Richard Ellis operations
outside of the United Kingdom. The press release is filed as an exhibit hereto.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
The following is furnished as an exhibit to this report:
99 Press release dated April 21, 1998 issued by CB Commercial Real Estate
Services Group, Inc.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
CB COMMERCIAL REAL ESTATE SERVICES
GROUP, INC.
Date: April 21, 1998 By: /s/ Ronald J. Platisha
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Ronald J. Platisha
Executive Vice President
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EXHIBIT 99
NEWS
CB COMMERCIAL REAL ESTATE SERVICES GROUP, INC.
533 South Fremont Avenue
Los Angeles, CA 90071
(213) 613-3123
TRADED: NYSE:CBG
AT THE COMPANY AT THE FINANCIAL RELATIONS BOARD
Cary Brazeman Karen Taylor Stephanie Mishra
Corporate Communications General Information Investor/Analyst Contact
(213) 613-3227 (310) 442-0599 (415) 986-1591
FOR IMMEDIATE RELEASE
APRIL 21, 1998
CB COMMERCIAL COMPLETES ACQUISITION OF REI LIMITED
LOS ANGELES, CA, APRIL 21, 1998 -- CB Commercial Real Estate Services Group,
Inc. (NYSE: CBG), the world's leading real estate services firm, today announced
it has completed the acquisition of REI Limited, the holding company for all
Richard Ellis operations outside of the United Kingdom. The combination was
originally announced on December 9, 1997. In 1997, REI reported revenues of
approximately $119 million and earnings before interest, taxes, depreciation and
amortization of more than $12 million.
On May 4 the combined company expects to officially announce the new name under
which it will be operating worldwide.
CB Commercial (NYSE:CBG) is the world's leading and largest vertically
integrated commercial real estate services company. Headquartered in Los
Angeles with over 8,000 employees worldwide, the company serves real estate
owners, investors and occupiers in over 200 cities in 28 countries. Services
include property sales and leasing, property management, corporate advisory
services and facilities management, mortgage banking, investment management,
capital markets, appraisal/valuation and market research. CB Commercial,
founded in 1906, reported 1997 revenues in excess of $730 million.
***
For more information on CB Commercial (via facsimile and at no cost), simply
call 1-800-PRO-INFO and dial client code "CBG." If you are calling from outside
the United States, please dial 908-544-2850.
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