Savills to Acquire Eastdil Secured for $1.2B, Expanding US Brokerage Presence

London-based Savills is set to acquire Eastdil Secured for $1.2 billion, with Eastdil keeping its name and independence; the deal, structured as 60% cash and the remainder in Savills shares, is expected to be announced alongside Savills’ quarterly results and signals a major expansion of Savills’ U.S. brokerage footprint.