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CBRE GROUP, INC. 8-K Report, Acquisition Completed (Dec 23, 2013)

Reports
Acquisitions & Dispositions·Exhibits & Filings
Filing Date
Filed December 23, 2013
Period End
December 23, 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 December 23, 2013. Cited figures are marked; the original filing is the authoritative source.

This Current Report on Form 8-K filed by CBRE Group, Inc. on December 23, 2013, announces the successful completion of its acquisition of Norland Holdings Ltd. The transaction, initially announced on November 12, 2013, involved CBRE's subsidiaries acquiring Norland for approximately £265.5 million (USD $434.3 milliona) in cash, plus 362,916 shares of CBRE's Class A Common Stock.

An additional deferred contingent consideration of up to £50.0 million (USD $81.8 millionb) in cash may also be paid. This acquisition is a significant event for CBRE, indicating strategic growth and expansion.

Investors should note that the completion of this deal suggests a positive outlook for the company's integration strategy and potential for increased market share or service offerings through Norland. The filing also reiterates the cautionary note regarding forward-looking statements, advising investors to consult existing SEC filings for a comprehensive understanding of associated risks.

02—Key points

Key Highlights

  1. CBRE Group, Inc. has successfully completed the acquisition of Norland Holdings Ltd.
  2. The acquisition involved a cash payment of approximately £265.5 million (USD $434.3 million) and the issuance of 362,916 shares of CBRE's Class A Common Stock.
  3. Potential for up to £50.0 million (USD $81.8 million) in deferred contingent consideration in cash.
  4. The transaction was finalized on December 23, 2013.
  5. This 8-K filing confirms the closing of the deal first announced on November 12, 2013.
  6. The acquisition is expected to contribute to CBRE's strategic growth and market position.

03—Questions

Frequently Asked Questions

  1. What was the main event reported in this 8-K filing?

    The main event reported is the completion of CBRE Group, Inc.'s acquisition of Norland Holdings Ltd.

  2. What was the total purchase price for Norland Holdings Ltd?

    The total purchase price included approximately £265.5 million (USD $434.3 million) paid in cash at closing, plus 362,916 shares of CBRE's Class A Common Stock. There is also potential for up to £50.0 million (USD $81.8 million) in deferred contingent consideration in cash.

  3. When was the acquisition of Norland Holdings Ltd finalized?

    The acquisition was completed on December 23, 2013.

  4. Does this filing provide detailed financial statements for the acquisition?

    No, this 8-K filing (Item 9.01) only lists the Share Sale Agreement as an exhibit. Detailed financial statements related to the acquisition would typically be provided in subsequent filings or as part of the company's regular financial reporting.

04—Continue

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