Johnson Controls Announces Pending Sale of Power Solutions Business

Johnson Controls International plc announced that its board of directors has approved an additional $8.5 billion share repurchase authorization, which is subject to the completion of the previously announced sale of the Company's Power Solutions business.

“In a press release dated March 7, 2019, Johnson Controls International plc (the “Company”) announced that its board of directors has approved an additional $8.5 billion share repurchase authorization, subject to the completion of the previously announced sale of the Company’s Power Solutions business.”

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