June 17, 2008 |
Real estate services firm Jones Lang LaSalle Inc. said Monday that it would buy Staubach Co., a realty firm founded in 1977 by former Dallas Cowboys quarterback Roger Staubach. Jones Lang will pay $613 million over five years for Staubach, including $123 million in cash and $100 million in stock at closing and the balance in cash over five years. It will pay as much as $114 million more depending on whether Staubach reaches performance goals. Jones Lang said the deal would strengthen its tenant-representation business and add to earnings per share beginning next year.