Johnson Controls and Tyco Merger Announced

Johnson Controls, Inc. and Tyco International plc announced a proposed merger to create a global industrial leader in building products and services, integrating HVAC, controls, fire, and security. The combined company is projected to have $32 billion in revenue post-spin of Adient, with at least $650 million in identified synergies.

“In connection with the proposed transaction between Johnson Controls, Inc. (“Johnson Controls”) and Tyco International plc (“Tyco”), Tyco will file with the U.S. Securities and Exchange Commission (the “SEC”) a registration statement on Form S-4 that will include a joint proxy statement of Johnson Controls and Tyco that also constitutes a prospectus of Tyco (the “Joint Proxy Statement/Prospectus”).”

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