JCI/Tyco merger terms: $3.9B cash, 56/44 equity split, combined under Tyco International plc

Under board-approved terms, Johnson Controls shareholders will own ~56% of the combined company and receive ~$3.9 billion cash, with Tyco shareholders owning ~44%; the combined entity will be renamed Johnson Controls plc.

“Under the terms of the agreement, which has been unanimously approved by both companies’ boards of directors, Johnson Controls shareholders will own approximately 56 percent of the equity of the combined company and receive aggregate cash consideration of approximately $3.9 billion.”

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