Johnson Controls and Tyco Announce Definitive Merger Agreement

Johnson Controls and Tyco have entered into a definitive merger agreement to combine into a leading provider of HVAC, controls, fire, security, and power solutions. Johnson Controls shareholders will own approximately 56% of the combined company and receive $3.9 billion in cash, while Tyco shareholders will own approximately 44%.

“Johnson Controls and Tyco today announced that they have entered into a definitive merger agreement under which Johnson Controls, a global multi-industrial company, will combine with Tyco, a global fire and security provider, to create a leading provider of HVAC, controls, fire, security, and power solutions.”

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