CHICAGO/DALLAS—Jones Lang LaSalle Incorporated and HFF Inc. have received the requisite regulatory approvals for JLL’s acquisition of HFF. It is expected to close on Monday, July 1, after the close of regular trading hours on the New York Stock Exchange, pending approval by HFF stockholders at the HFF annual stockholders meeting earlier in the day on July 1, and subject to the satisfaction or waiver of other customary closing conditions.
As previously announced on March 19, JLL and HFF entered into a definitive agreement under which JLL will acquire all the outstanding shares of HFF in a cash and stock transaction.