Summary
CBRE Group, Inc. (formerly CB Richard Ellis Group, Inc.) announced a corporate name change effective October 3, 2011. This change was implemented through a merger with a wholly-owned subsidiary, resulting in the company surviving under the new name, CBRE Group, Inc. The company also amended its certificate of incorporation and bylaws to reflect this change. For investors, this is primarily a branding and identity update. The company's stock will continue to trade on the New York Stock Exchange under its existing ticker symbol "CBG." While a new CUSIP number has been assigned, existing stock certificates remain valid and do not require exchange. The company also issued a press release to formally announce this name change.
Key Highlights
- 1Corporate name change from CB Richard Ellis Group, Inc. to CBRE Group, Inc. effective October 3, 2011.
- 2Name change accomplished via a merger with a wholly-owned subsidiary, with CBRE Group, Inc. as the surviving entity.
- 3Amended certificate of incorporation and bylaws to reflect the new corporate name.
- 4Common stock to continue trading on the NYSE under the ticker symbol "CBG."
- 5New CUSIP number assigned to the common stock.
- 6Existing stock certificates remain valid and do not need to be exchanged.
- 7Company issued a press release on October 3, 2011, to announce the name change.
Frequently Asked Questions
The primary reason for this 8-K filing is to formally announce and document the corporate name change of CB Richard Ellis Group, Inc. to CBRE Group, Inc., effective October 3, 2011.
No, the company's common stock will continue to trade on the New York Stock Exchange under its existing ticker symbol "CBG."
No, existing stock certificates for shares of the company are not affected by the name change and remain valid. They do not need to be exchanged.
The company's common stock has been assigned a new CUSIP number of 12504L 109 in connection with the name change.