Deals
Newmark Rebuffed Recent Takeover Approach From Cushman & Wakefield
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Cushman & Wakefield Plc recently approached Newmark Group Inc. about a potential takeover, but was rebuffed by the rival real estate brokerage, according to people familiar with the matter.
Newmark isn’t currently interested in a deal in part because it thinks Cushman & Wakefield has too much debt, said one of the people, all of whom asked to not be identified because the matter isn’t public.