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Stock Market & Financial Investment News

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December 16, 2013
09:03 EDTVGRVector Group acquires additional 20.59% interest in Douglas Elliman Realty
Vector Group announced that its wholly-owned New Valley LLC subsidiary has acquired an additional 20.59% interest in Douglas Elliman Realty, LLC, which operates the largest residential brokerage company in the New York City metropolitan area, from Prudential Real Estate Financial Services of America, Inc. for a purchase price of $60M in cash. The acquisition increases Vector Groupís ownership position in Douglas Elliman from 50% to 70.59%.
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