Johnson Controls completes $3.2B York International acquisition after shareholder vote

On Dec. 9, 2005, York International shareholders voted in favor of the $3.2 billion acquisition by Johnson Controls, who paid $56.50 per share and assumed $800 million of York's debt. York became part of Johnson Controls' Building Efficiency Business.

“On Dec. 9, York International voted in favor of Johnson Controls acquiring York, the final step in the transition. Johnson Controls assumes $800 million of York International's debt, while stockholders stand to receive $56.50 for each outstanding common share.”

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.