"There is no assurance that the current discussions will result in a transaction," Insignia's statement reads. "If and when the parties enter into definitive documentation that resolves all critical aspects of a transaction, including risk allocation and financing, the Company will make a public announcement. Insignia and CBRE have, in the past, engaged in discussions about similar combinations, none of which have come to fruition."
GlobeSt.com will continue to provide details on these negotiations as they progress.
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