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CBRE to Buy Johnson Controls Workplace Unit for $1.48B

CBRE, JCI Will Manage About 5 Billion Square Feet Total In Transaction Expected to Close In Second Half of 2015
CoStar News
March 31, 2015 | 1:02 P.M.

CBRE Group, Inc. (NYSE:CBG) today announced that it has agreed to acquire the Global WorkPlace Solutions facilities management business of Johnson Controls, Inc. (NYSE:JCI) for just under $1.48 billion cash.

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