Investor group offers to buy rest of CB Richard Ellis

Article Abstract:

A group of investors has made a bid to acquire the 62% of CB Richard Ellis Services Inc. that it does not already own for $194.7 million (225.8 million euros). The investor group includes CB Richard's chief executive officer, Ray Wirta.

Planning, Wirta, Ray, CB Richard Ellis Services Inc.

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InterContinental halts U.S. cancellation fees

Article Abstract:

InterContinental Hotels and Resorts has decided to stop charging all cancellation fees in the U.S. The firm will stop the fees for planners who reserve meetings in its North American properties from February to April 2003.

Commodity & service prices, Hotels & Motels, Hotels (except Casino Hotels) and Motels, Hotels and motels, Prices and rates, Hospitality industry, Intercontinental Hotels, Company pricing policy

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Insignia Financial agrees to acquire Groupe Bourdais

Article Abstract:

Insignia Financial Group Inc. has reached a deal to acquire Groupe Bourdais S.A., a real estate service company. The deal is valued at $30.7 million (33.7 milion euros).

Acquisitions & mergers, Foreign operations, France, Insignia Financial Group Inc., IFS, Groupe Bourdais S.A.

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