October 31, 2016
Los Angeles, Based CBRE Group, Inc.’s Board of Directors authorized a $250-million stock repurchase program. The company will buy Class A common stock over three years.
The stock buyback program is expected to be executed through open market transactions, privately negotiated transactions, or other manners determined by the company. The timing of the repurchases and the actual amount will depend on market price, general market and economic conditions, and other factors.
CBRE’s Bob Sulentic says, “The strength of our balance sheet, considerable cash flow and resiliency of our business gives us the flexibility to return capital to shareholders while continuing to make long-term, growth-oriented investments.”
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