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Deal announced Jun 2016 Verified

Johnson Controls and Tyco International Merger

Tyco International and Johnson Controls announced a merger to create a combined $30 billion industrial leader in building efficiency, HVAC, fire, and security solutions. The deal is structured as an all-equity transaction and is expected to close on October 1, 2016, with the spin-off of Adient to follow.

“I’m excited to be here to talk about how we are building a global industrial leader with the combination of Johnson Controls as well as Tyco International.”

Entities

Johnson Controls, Inc. · Target Tyco International plc · Acquirer
HVAC Sentiment: Positive

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