Johnson Controls and Tyco International Announce Merger
Johnson Controls, Inc. and Tyco International plc entered into an Agreement and Plan of Merger on January 24, 2016, to combine their businesses under a single company. The combined company is expected to be a leader in building products and technology, integrated solutions, and energy storage. The merger is structured as a reverse merger where Johnson Controls merges into a Tyco subsidiary, with Tyco as the parent entity, to be renamed Johnson Controls plc.
“On January 24, 2016, Johnson Controls, Inc. and Tyco International plc entered into an Agreement and Plan of Merger (the "merger agreement"), pursuant to which they agreed to combine their respective businesses under a single company.”
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