Newmark Group recently rejected a takeover offer from rival Cushman & Wakefield. Newmark was not interested in the deal, in part because Cushman carries a high debt load, sources with knowledge of the offer told Bloomberg News. Cushman has about $3.8 billion in debt, which is larger than its market capitalization of roughly $2.6 billion. “Cushman & Wakefield has certainly benefited from ongoing consolidation as a leader in our industry, but we won’t comment on
source https://therealdeal.com/2020/10/07/newmark-group-rejects-cushman-wakefield-takeover-offer/
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