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Vector Group announces acquisition of remaining 29% interest of Douglas Elliman Realty

Jan 02, 2019 - Global Banking News
Mergers and Acquisitions

Vector Group Ltd (NYSE:VGR) and Douglas Elliman Realty LLC on Tuesday disclosed that Vector Group's indirect wholly-owned subsidiary acquired the remaining 29% interest it did not own of Douglas Elliman Realty LLC.

Also, VGR mentioned that it acquired the interest from Douglas Elliman's chief executive officer, Dorothy "Dottie" Herman. Further, Herman will continue in her role as chief executive officer of Douglas Elliman.

A holding company, Vector indirectly owns Liggett Group LLC a...