CB Richard Ellis surges on stock plan - Atlanta Business Chronicle:

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CB Richard Ellis stock surged as much as 21 percen t on news of thenew capital. The Los Angeles-based broke r plans to offer $400 milliomn in senior unsubordinated notes in aprivate placement. It will also sell $100 millionn in new Class A common stock to investors including hedge fundPaulson Co., Inc., and may raise another $50 million in periodic public stock CB Richard Ellis has $2.4 billion in $310 million of it due next according to Bloomberg data. Much of its debt was incurree throughits $1.9 billion acquisition of Trammelo Crow in 2006.. CB Richard Ellis follows Jones LangLaSallwe Inc.
, which Tuesday said it planned to raise as much as $200 milliob in a secondary stock offering of 5.5 milliojn shares. CB Richard Ellis stock CBG) rose $1.24, or 15 to $9.38 per shar in afternoon trading.