Why CBRE Stock Triumphed on Tuesday

CBRE Group (NYSE:CBRE) is bulking up through an acquisition, and investors were there for it on Tuesday. They signaled approval by snapping up shares of the real estate company's equity, and CBRE's stock closed that day's trading session nearly 3% higher. Before market open, CBRE announced it had signed a definitive agreement to purchase Onnec Group. This is a London-based company that provides data center infrastructure services to major tech companies in its native Europe and the Asia-Pacific region. The initial price is 460 million British pounds ($613 million), which is to be paid entirely in cash. Image source: Getty Images.