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JLL to acquire HFF in a $2B deal

Katishi Maake
JLL to acquire HFF in a $2B deal

Commercial real estate firm Jones Lang LaSalle Inc. (NYSE: JLL) will acquire one of its biggest competitors, HFF Inc. (NYSE: HF), in a cash-and-stock transaction worth about $2 billion. Dallas-based HFF operates out of 26 offices across the country and brought in $650 million in revenue last year.