Similar Stories to Johnson Controls Sells Property Management Business For $1.5 Billion on Bing News

Tom Held, Biz Journals
Tue, 03/31/2015 - 6:49am

Johnson Controls Inc. sealed the deal with CBRE Group Inc. to sell its Global WorkPlace Solutionn business for $1.5 billion, the Glendale-based company said Tuesday. The Global Workplace Solutions division of Johnson Controls (NYSE: JCI) manages 1.8 billion square feet of corporate retail space. In September, the company announced that it would sell that division to focus on its manufacturing, engineering and product-based portfolio, which includes automotive seats and batteries. “This agreement…

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BING NEWS:
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  • Johnson Controls Stock Rises As Elliott Reportedly Takes $1 Billion-Plus Stake
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  • Simon Property Group Sells Off Stake in Authentic Brands for $1.2 Billion
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