Johnson Controls to Acquire York International

Johnson Controls Inc. announced a definitive agreement to acquire York International Corp. in an all-cash transaction valued at approximately $3.2 billion, including the assumption of $800 million in debt. The deal is expected to close in December 2005, subject to regulatory and shareholder approvals.

“Johnson Controls Inc. has announced that it will acquire York International Corp. According to Johnson Controls, the $3.2 billion transaction will nearly double the company's position in the global building environments industry.”

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