CHICAGO and DALLAS , June 28, 2019 /PRNewswire/ -- Jones Lang LaSalle Incorporated (NYSE: JLL ) and HFF, Inc. (NYSE: HF ) announced today that the parties have received the requisite regulatory approvals and that JLL's acquisition of HFF is expected to close on Monday, July 1, 2019 , 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, 2019 , 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. About JLL JLL (NYSE: JLL ) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions.
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JERSEY CITY, N.J. , May 7, 2019 /PRNewswire/ -- Mack-Cali Realty Corporation (NYSE: CLI ) (the "Company") today mailed a letter to its stockholders in connection with the Company's upcoming 2019 Annual Meeting of Stockholders, scheduled for June 12, 2019 (the "Annual Meeting"). Mack- Cali stockholders of record as of the close of business on April 16, 2019 will be entitled to vote at the Annual Meeting. Bow Street Special Opportunities Fund XV, LP ("Bow Street") and David Werner Real Estate Investments ("DWREI") approached Mack- Cali with a proposal to acquire the Company's suburban and waterfront office assets, hotel joint venture interests and retail assets at a price far below fair market value. The Mack-Cali Board carefully reviewed and considered Bow Street's and DWREI's proposal and unanimously determined that the proposal was grossly inadequate, illusory and unworkable. Now, Bow Street has launched a proxy contest to facilitate its self-interested proposal or, failing that, make a quick profit by forcing a sale of the Company at a "fire sale" price to the detriment of long-term Mack- Cali stockholders.
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The following slide deck was published by HFF, Inc. in conjunction with their 2019 Q1 earnings call.
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HF earnings call for the period ending March 31, 2019.
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HFF (HF) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
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