Deal announced Jan 2016 Verified
Johnson Controls and Tyco International Merger
Johnson Controls, Inc. and Tyco International plc announced a merger transaction. The combined company will be a global industrial leader with $32 billion in revenue, providing a comprehensive portfolio of building and energy solutions. Tyco shareholders will own 44% of the combined company equity.
“Transaction combines innovation pipelines for devices, controls, sensors, data analytics and advanced solutions to better capture the enormous “smart” market opportunity”
Entities
Johnson Controls, Inc. · Target Lazard Freres & Co. LLC · Advisor Tyco International plc · Acquirer
HVACOther Sentiment: Positive
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