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Investor Buying Majority Stake in Colliers

FirstService Expanding Into Commercial Brokerage Services with $88 Million Acquisition
By Tim Trainor
CoStar News
October 15, 2004 | 4:17 P.M.

Toronto-based FirstService Corp. (Nasdaq: FSRV), the owner of California Closets and a number of other diversified service brands, has agreed to pay $88 million, including the assumption of an undisclosed amount of debt, for a 70% stake in CMN International (Colliers Macaulay Nicholls), the largest member of the Colliers International Property Consultants network.

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