Johnson Controls and Tyco Merger Announced

Johnson Controls, Inc. and Tyco International plc announced a merger to create a combined company called Johnson Controls plc. The transaction is structured with Johnson Controls shareholders owning ~56% and Tyco shareholders owning ~44% of the combined entity, with Johnson Controls shareholders also receiving approximately $3.9 billion in aggregate cash consideration.

“Johnson Controls and Tyco to combine under the existing Tyco entity and the combined company will be called Johnson Controls plc”

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