ValueAct Capital Files Amended 13D on CBRE Group ~ market folly

Tuesday, November 8, 2016

ValueAct Capital Files Amended 13D on CBRE Group

Jeff Ubben's activist firm ValueAct Capital has filed an amended 13D with the SEC regarding its position in CBRE Group (CBG).  We've previously highlighted how ValueAct has been buying CBRE Group shares.  And it appears that continued further in early November.

Per the latest filing, ValueAct now owns 12.1% of CBG with over 40.67 million shares.  This is up from the most recent 36.83 million shares we reported.  The filing notes they were buying on November 2nd through fourth at prices between $25.48 and $26.49.

For more from this firm, check out Mason Morfit's presentation at Sohn San Francisco.

Per Google Finance, CBRE Group is "a commercial real estate services and investment company.  It offers services to occupiers, owners, lenders and investors in office, retail, industrial, multifamily and other types of commercial real estate. It offers commercial real estate services under the CBRE brand name, investment management services under the CBRE Global Investors brand name and development services under the Trammell Crow Company brand name. It is focused on several competencies, including commercial property, corporate facilities, project and transaction management, tenant/occupier and property/agency leasing, capital markets solutions, real estate investment management, valuation, development services and proprietary research." 

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