Under the terms of the transaction, Jones Lang LaSalle paid $123 million in a combination of cash and assumed net liabilities and $100 million in stock at closing, with an additional $390 million paid out in cash over five years, for all of the outstanding capital stock of Staubach Holdings, Inc. Potential earn out payments of up to $114 million will be paid subject to the achievement of certain performance metrics. 

“We are delighted to welcome to our firm more than a thousand talented Staubach colleagues who share our culture of client service and integrity,” said Colin Dyer, Chief Executive Officer of Jones Lang LaSalle.  “By combining the strengths of our organizations, our ability to grow and to help our clients realize real value will be elevated to an unprecedented level.”

Substantially all of Staubach’s employees are integrating into the Jones Lang LaSalle organization including Roger Staubach and other senior Staubach leaders, who will hold key positions within the combined organization.  Mr. Staubach’s active involvement in the firm will include joining the Jones Lang LaSalle Board of Directors and taking on the new role of Executive Chairman, Americas, to focus on client relationships, new business development and strategy.  Greg O’Brien, former Staubach CEO, will serve as CEO of Brokerage, Americas, leading the newly created business that will set strategic direction for tenant representation and agency leasing throughout the firm’s Americas region.  John Gates, former Staubach President and COO, will be the President of Brokerage, Americas.  Both Mr. O’Brien and Mr. Gates will join the firm’s Americas Executive Committee, which is headed by Peter Roberts, Jones Lang LaSalle’s CEO, Americas.

“The overwhelmingly positive reaction we have received since announcing the merger agreement last month has reinforced our conviction that we are doing the right thing for our clients and our people,” said Roger Staubach, Executive Chairman, Americas for Jones Lang LaSalle.  “Our clients told us they wanted a global platform and now, working with our Jones Lang LaSalle colleagues across the world, we will be able to provide the broader range of integrated services they require at the same exceptional level of client service they have grown to expect.”

About Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate.   With 2007 global revenue of $2.7 billion, Jones Lang LaSalle has approximately 170 offices worldwide and operates in more than 700 cities in 60 countries.  The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.2 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with approximately $50 billion of assets under management. For further information, please visit our Web site, www.joneslanglasalle.com.