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CBRE GROUP, INC. 8-K Report, Material Agreement (Nov 13, 2013)

Reports
Material Agreements·Financial Events·Exhibits & Filings
Filing Date
Filed November 13, 2013
Period End
November 12, 2013
Security
CBRE
In the record · 2016–202610-K1110-Q328-K149

CBRE filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 149 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Mar ’17Mar ’17
  2. Leadership change8-K · Apr ’19Apr ’19
  3. Material agreement8-K · Jul ’21Jul ’21
  4. Leadership change8-K · Aug ’25Aug ’25

01—Abstract

Summary

Summary of the 8-K filed November 13, 2013. Cited figures are marked; the original filing is the authoritative source.

CBRE Group, Inc. (CBRE) filed an 8-K on November 13, 2013, to report a material definitive agreement for the acquisition of Norland Holdings Ltd. The transaction, valued at approximately £250 million (around $400 milliona) plus potential deferred contingent consideration and working capital adjustments, is expected to close before the end of 2013.

The acquisition will be paid for in cash, with a small portion (£5.6 million or $9 millionb) paid in CBRE Class A Common Stock to Norland's senior management.

02—Key points

Key Highlights

  1. CBRE Group, Inc. is acquiring Norland Holdings Ltd.
  2. The total purchase price is approximately £250 million (USD $400 million) in cash, plus deferred contingent consideration and working capital adjustments.
  3. A portion of the payment, approximately £5.6 million (USD $9 million), will be made in CBRE Class A Common Stock to Norland senior management.
  4. The acquisition is subject to clearance from the European Commission.
  5. The closing of the transaction is anticipated to occur before the end of 2013.
  6. The agreement was entered into on November 12, 2013.

03—Questions

Frequently Asked Questions

  1. What is the primary purpose of this 8-K filing?

    This 8-K filing announces CBRE Group, Inc.'s entry into a material definitive agreement to acquire Norland Holdings Ltd., providing details on the transaction's terms, purchase price, and expected closing timeline.

  2. What is the total expected cost of the acquisition?

    The total expected cost is approximately £250 million (USD $400 million) in cash, plus up to £50 million (USD $80 million) in deferred contingent consideration and a payment for excess working capital and related items.

  3. Are there any conditions to closing the acquisition?

    Yes, the primary condition mentioned is the receipt of clearance from the European Commission. The Share Sale Agreement also includes provisions for termination if sellers are in material breach of their obligations.

  4. How will the acquisition be financed, and what is the payment structure?

    The acquisition will be financed primarily with cash. A small portion, valued at £5.6 million (approximately $9 million), will be paid in CBRE Class A Common Stock to Norland senior management.

04—Continue

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