DTZ to acquire C&W for $2 bln

DTZ has made a bid to purchase Cushman & Wakefield (C&W), one of the world's largest consulting companies, rew-online.com web portal reported. The huge acquisition is to be valued at $2 billion. The potential transaction is to be mainly financed by the consortium of such lenders as Credit Suisse, Bank of America, Merrill Lynch and others. Their contribution would amount to $1.3 billion. Either of the parties has not commented on the news. If the acquisition happens, DTZ will become the second-largest consulting company in the real estate sector, right after CBRE.