The Real Deal Miami

With chance to cash out company shares, Cushman & Wakefield faces new test with senior staffers

February 21, 2013 02:00PM

Ronald Lo Russo

Cushman & Wakefield faces a key confidence vote next month when senior employees have the chance to cash out shares valued at tens of millions of dollars, Crain’s reported.

The senior employees control roughly 30 percent of the shares and can sell 25 percent of them. The sales, which could bring $60 million to $125 million, are the first since Exor SpA acquired an almost 70 percent controlling stake in the brokerage in 2006. [more]