Divestiture Jul 2015 Verified
Johnson Controls Pursuing Tax-Free Spinoff of Automotive Experience Business
Johnson Controls is pursuing a tax-free spinoff of its Automotive Experience business, which will operate as an independent, publicly traded company. The transaction is expected to close in approximately 12 months.
“Pursuing tax-free spinoff of Automotive Experience business”
Entities
Johnson Controls · Parent Automotive Experience · Target
Other Sentiment: Neutral
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