Amendment to General Statement of Beneficial Ownership — Schedule 13D
Filing Table of Contents
Document/Exhibit Description Pages Size
1: SC 13D/A Schedule 13D Amendment #9 5 33K
2: EX-10 Joint Filing Agreement, Dated as of 7/24/2001 1 9K
3: EX-19 Registration Rights Agreement, Dated as 7/20/2001 30 93K
4: EX-20 Anti-Dilution Agreement, Dated as of 7/20/2001 13 43K
5: EX-21 Indenture, Dated as of 7/20/2001 111 377K
6: EX-22 Credit Agreement, Dated as of 7/20/2001 88 390K
7: EX-23 Amendment, Dated as of 7/19/2001 4 13K
8: EX-24 Press Release Dated 7/20/2001 2 11K
9: EX-25 Securityholders' Agreement, Dated as of 7/20/2001 60 207K
10: EX-26 Warrant Agreement, Dated as of 7/20/2001 22 76K
EX-24 — Press Release Dated 7/20/2001
| EX-24 | 1st Page of 2 | TOC | ↑Top | Previous | Next | ↓Bottom | Just 1st |
|---|
Exhibit 24
CB [LOGO] Richard Ellis
P R E S S R E L E A S E
------------------------
CB Richard Ellis, Inc.
North American
Headquarters
200 North Sepulveda
Suite 300
El Segundo, CA 90245
T 310 563 8600
F 210 563 8670
www.cbre.com
FOR IMMEDIATE RELEASE - 20 July 2001
[Enlarge/Download Table]
For further information regarding For further information regarding
CB Richard Ellis Services: BLUM Capital Partners:
Joseph L. Fitzpatrick Walt Stafford Owen Blicksilver
CB Richard Ellis CB Richard Ellis Citigate Sard Verbinnen
213-683-4317 415-733-5502 212-687-8080 ext. 221
CB RICHARD ELLIS COMPLETES $800 MILLION GOING-PRIVATE TRANSACTION
CB Richard Ellis Services, Inc. (NYSE: CBG) announced that on July 20,2001, it
completed its merger with BLUM CB Corp., which is controlled by BLUM Capital
Partners. The transaction is valued at approximately $800 million.
Under the terms of the merger agreement, each share of CB Richard Ellis Services
common stock, other than those held by members of the buying group, has been
converted into the right to receive $16.00. In addition to BLUM Capital, the
buying group includes key members of CB Richard Ellis management, Freeman Spogli
& Co. and certain directors of CB Richard Ellis. As a result of the merger, CB
Richard Ellis shares will no longer be listed on the New York Stock Exchange.
"We are pleased that the vision for and commitment to this effort has been
affirmed by our shareholders," said Ray Wirta, Chief Executive Officer, CB
Richard Ellis. "In light of the complexity of such a transaction, in the face of
a volatile economic market, we would like to thank our employees for their faith
and support at the same time we acknowledge the commitment and contribution of
BLUM Capital Partners."
The company will continue its operations as CB Richard Ellis throughout its
worldwide service network.
CB Richard Ellis also announced today the successful completion of the tender
offer and consent solicitation for all of the outstanding principal amount of
its 8 7/8% Senior Subordinated Notes due 2006 (the "Notes"). As of the
Expiration Date, which is today, 100% of the outstanding principal amount of the
Notes had been validly tendered. Upon the terms set forth in the Offer to
Purchase and Consent Solicitation Statement dated May 25, 2001, the Company
purchased all the Notes today, which is the Payment Date under the terms of the
offer.
###
About CB Richard Ellis
CB Richard Ellis is the world's leading real estate services company.
Headquartered in Los Angeles with 10,000 employees worldwide, the company serves
real estate owners, investors and occupiers through nearly 250 offices in 44
countries. Services include property sales and leasing, property management,
corporate services, facilities management, commercial mortgage services,
investment management, appraisal/valuation, research and consulting. CB Richard
Ellis had 2000 revenues of $1.3 billion. For more information about CB Richard
Ellis, visit the company's website at www.cbre.com.
------------
-more-
About Blum Capital Partners
Blum Capital is a leading private equity and strategic block investment firm
with approximately $4 billion of equity capital under management, including
affiliates. Blum Capital was founded 25 years ago and has invested in a wide
variety of businesses in partnership with management teams to create long-term
value.
-more-
Dates Referenced Herein and Documents Incorporated by Reference
↑Top
Filing Submission 0001021408-01-503888 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)
Copyright © 2024 Fran Finnegan & Company LLC – All Rights Reserved.
About — Privacy — Redactions — Help —
Thu., May 16, 4:48:47.2am ET 
