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C & W deal bucks trend

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Though they declined to play it up at a press conference Tuesday, Italian firm IFIL’s purchase of a majority stake in Cushman & Wakefield is clearly a way of combating the merger trend sweeping the real estate industry. Company officials say the $563 million cash deal “will preserve Cushman and Wakefield as the only firm of its kind that is unburdened by debt or by issues of operational integration.” more [GlobeSt]