completed its acquisitionof the Dallas-based Staubach Co.,

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Greg O'Brien, the former CEO of Staubach, will now serve as CEOof brokerage for the US. John Gates, former Staubach president andCOO, is now president of brokerage under O'Brien. "There are a fewof us who are melancholy about the name change, I worked atStaubach for 16 years," O'Brien tells GlobeSt.com. "Staubach willbe an important part of our history, we're proud of what we built.But we're excited about the global brand, and proud to be joiningwhat JLL stands for."

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He says it became clear to Staubach executives that more thanbrokerage was needed to serve customers today. "We just weren'table to solve the complete problem for our clients, we werestretching to solve certain problems," O'Brien says. He says JLLwas the same way. "We each needed what the other had." More than1,000 Staubach employees have joined into the JLL name.

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Founder Roger Staubach, the football legend, will join the JLLBoard of Directors and will have a new role as executive chairman,Americas, where he will focus on client relationships, new businessdevelopment and strategy, according to a JLL statement. O'Brien andGates will join the firm's Americas Executive Committee, which isheaded by JLL CEO, Americas Peter Roberts. "The overwhelminglypositive reaction we have received since announcing the mergeragreement last month has reinforced our conviction that we aredoing the right thing for our clients and our people," Staubachsaid in the statement.

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In compensation, JLL paid $123 million in a combination of cashand assumed net liabilities, along with the $100 million in stockat closing. The company plans an additional $390 million paid outin cash during the next five years, for all of the outstandingcapital stock of Staubach Holdings Inc. Potential earn-out paymentsof up to $114 million will be paid subject to the metrics, thestatement said.

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