Coldwell Banker Sells Stock: Coldwell Banker Commercial...

Coldwell Banker Sells Stock: Coldwell Banker Commercial Group said it has completed the sale of about $47 million worth of common stock to its employees, bringing employee ownership in the commercial brokerage to more than 40%. The price of the stock was $10 a share. A group of employees and outside investors bought the company in April for about $300 million from Sears, Roebuck & Co. The company said money raised from the sale would be used in several ways, including for working capital and to pay back loans from Sears.