Walker & Dunlop announced that it entered into a definitive agreement to acquire CWCapital LLC, an operating subsidiary of CW Financial Services LLC, which is wholly owned by funds managed by affiliates of Fortress Investment Group LLC (FIG). The purchase price will total $220M, $80M cash and approximately $140 M in Walker & Dunlop stock, subject to potential adjustment based on changes in the company's stock price pending closing. Upon the transaction's close, it is expected that CW Financial will become the Company's largest shareholder. The transaction is expected to close within 90-120 days and is subject to stockholder, governmental and regulatory approvals.
Global investors are on hold, waiting for comments from the Federal Reserve’s policy-making committee on when the …