Boards of CB Commercial and REI Ltd. Approve Merger, Creating First Fully Integrated Global Real Estate Services Firm.

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Boards of CB Commercial and REI Ltd. Approve Merger, Creating First Fully Integrated Global Real Estate Services Firm.

LOS ANGELES--(BUSINESS WIRE)--Dec. 9, 1997--The boards of directors of CB Commercial Real Estate Services Group Inc. (NYSE:CBG) and REI Ltd., the holding company for all Richard Ellis operations outside of the U.K., Tuesday announced an agreement as to the terms of a merger.

Terms were not disclosed. REI stated that its board of directors is recommending the offer t...

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