CWK - Cushman & Wakefield Newmark said not in deal talks - report

Cushman & Wakefield (NYSE:CWK) and Newmark Group (NASDAQ:NMRK) are said not to be involved in discussions about a possible deal after renewed speculation about a potential tie up was reported on Sunday. No merger talks about the real estate brokerages have ever occurred even despite reports in the past that Newmark (NMRK) had rebuffed an approach from CWK, according to a NY Post report. The NY Post on Sunday reported there was "buzz" at the Real Estate Board of New York's gala on Thursday night about a potential tie-up between Cushman & Wakefield (CWK) and Newmark (NMRK). The NY Post report came after Bloomberg reported in October 2020 that Newmark (NMRK) rejected a bid from rival real estate brokerage Cushman & Wakefield (CWK). The NYP Post on Sunday described the original Bloomberg report as incorrect. Last month, Cushman & Wakefield acquired Cresa Partners of Los Angeles.

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Cushman & Wakefield, Newmark said not in deal talks - report