Cohen & Steers agreed to acquire the remaining stock in Houlihan...

Cohen & Steers agreed to acquire the remaining stock in Houlihan Rovers, its Brussels-based asset management affiliate, confirmed Matthew Stadler, Cohen & Steers executive vice president and CFO. Cohen & Steers acquired a 50% stake in the firm in December 2004 and will officially acquire the remaining half in the fourth quarter. Terms of the deal were not disclosed, but the purchase price will be paid using both cash and Cohen & Steers restricted stock, which will be delivered over the next three years.