Chicago buy for FirstService

Article Excerpt

FIRSTSERVICE CORP. $23.95 (Toronto symbol FSV; SI Rating: Extra Risk) (416-960-9500; www.firstservice.com; Shares outstanding: 28.5 million; Market cap: $683.2 million; No dividends paid) is making a major investment in Colliers Bennett & Kahnweiler (Colliers B&K), which is Chicago’s leading commercial real-estate services firm. Terms were not disclosed. Colliers B&K manages 50 million square feet of property and employs more than 200 real-estate agents and property managers. Adding Colliers B&K will help FirstService expand its commercial real-estate brokerage operations in the key Chicago market. FirstService is still a buy. buy…