Johnson Controls' $3.2B acquisition of York International

Johnson Controls announced a $3.2 billion acquisition of York International on Aug. 24, offering $56.50 per share and giving Johnson Controls an air conditioning division it never had. Closing was anticipated in December subject to regulatory and shareholder approval.

“The dust has not settled yet from Johnson Controls' blockbuster acquisition of York International on Aug. 24. Days after the surprise announcement, most insiders from both parties opted not to formally comment on the $3.2 billion transaction, which caught many off guard.”

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