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Last $38.49 USD
Change Today +0.26 / 0.68%
Volume 1.2M
CBG On Other Exchanges
Symbol
Exchange
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Frankfurt
As of 8:04 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

cbre group inc - a (CBG) Key Developments

CBRE Group Inc. Announces Executive Changes

CBRE Group Inc. has named Timothy M. Zulick the managing director of the firm's Baltimore office, replacing Chip Olsen, who moved to North Carolina in November. Before he was named managing director, Zulick was a senior vice president at First Potomac Realty Trust in Bethesda for more than ten years. Zulick will oversee both the Baltimore office and lead CBRE's regional multifamily and industrial businesses out of Baltimore and D.C.

CBRE Group, Inc., Johnson Controls Inc. - M&A Call

To discuss GWS Acquisition

CBRE Group to Acquire Johnson Controls Real Estate Services Unit for $1.475 Billion

CBRE Group, Inc. has entered into a definitive agreement to acquire the Global WorkPlace Solutions business of Johnson Controls, Inc. The purchase price is $1.475 billion, payable in cash, or $1.3 billion net of the present value of estimated tax benefits, and with customary post-closing adjustments for working capital and other items. CBRE and Johnson Controls also inked a ten-year strategic relationship. Under that deal, CBRE will provide Johnson Controls with a full suite of integrated corporate real estate services (including facilities management, project management and transaction services) on more than 50m sq. ft. and Johnson Controls will offer a factory-direct relationship on HVAC equipment, building automation systems and related services to CBRE for its managed properties. In addition, the companies will jointly fund an innovation lab that will develop energy management solutions to lower costs and enhance their clients' work environments. The joint innovation lab will evaluate, connect and leverage products, services and energy data to create value for occupiers and investors of real estate.

CBRE Group, Inc., Johnson Controls Inc. - M&A Call

To discuss a definitive agreement to acquire the Global WorkPlace Solutions (GWS) business of Johnson Controls, Inc

John Murphy to Join CBRE Group, Inc. as Global Chief Operating Officer, GCS

CBRE Group, Inc. announced that it has entered into a definitive agreement to acquire the Global WorkPlace Solutions (GWS) business of Johnson Controls, Inc. GWS will operate as part of CBRE’s Global Corporate Services (GCS) business, which has increased revenue at a double-digit compound annual growth rate over the last decade, as more major corporations and other institutions outsource their real estate services. Upon closing, John Murphy, GWS’s president, will join CBRE as global chief operating officer, GCS.

 

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CBG

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Valuation CBG Industry Range
Price/Earnings 26.5x
Price/Sales 1.4x
Price/Book 5.5x
Price/Cash Flow 17.1x
TEV/Sales 1.1x
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