Johnson Controls and Tyco Confirm Merger Plans

Johnson Controls and Tyco International confirmed they will proceed with their strategic merger, first announced on January 25, 2016. The combined company expects to deliver $650 million in operational and global tax synergies over the first three years after closing. The transaction is expected to close around September 30, 2016.

“On January 25, 2016, Johnson Controls, Inc. (NYSE: JCI) and Tyco International plc (NYSE: TYC) announced a strategic combination to create the global leader in building products and technology, integrated solutions and energy storage. Following a review of the U.S. Department of Treasury's Temporary and Proposed Tax Regulations issued on April 4, 2016, Tyco and Johnson Controls today confirm that they will proceed with their merger plans and that the combined company expects to deliver $650 million in operational and global tax synergies over the first three years after closing.”

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