Johnson Controls sales opportunity at CBRE back-end loaded, says Wells Fargo Wells Fargo said it likes the sales price and strategic arrangement that Johnson Controls (JCI) negotiated with CBRE Group (CBG) in the deal to divest GWS, but that the associated sales opportunity is back-end loaded. The firm does not think investors should give much credit for the sales opportunity at this juncture, given the timing. The firm maintains its Market Perform rating on shares of Johnson Controls.
CBRE Group to host conference call Conference Call to discuss definitive agreement to acquire the Global Workplace Solutions Business of Johnson Controls, Inc will be held on March 31 at 11 am. Webcast Link