FTC Okays CB, Trammell Crow Deal

The Federal Trade Commission has given the green light to the acquisition of Trammell Crow by CB Richard Ellis Group Inc., Trammell Crow Co. said today. The FTC approved a shortened waiting period required under antitrust law. The deal, for about $1.8 billion, is expected to close next month. It is subject to the approval of Trammell Crow shareholders. CB announced in October that it planned to acquire the Dallas-based real estate company.