CBRE Group Inc. (CBG) announced Tuesday morning that it has agreed to acquire the Global WorkPlace Solutions business of Johnson Controls Inc. (JCI). for $1.475 billion in cash.
CBRE Group gapped up Tuesday and rose sharply during the first half hour of trade. The stock was range-bound for the remainder of the session and closed up by 2.30 at $38.71 on the highest volume in over 2 months. CBRE Group surged past the upper end of a week and a half long range and set a new high for the year.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.