Johnson Controls to acquire York International for $3.2 billion

Johnson Controls Inc. announced it will acquire York International Corp. in a $3.2 billion all-cash transaction ($56.50 per share, including ~$800 million assumed debt), nearly doubling its position in the global building environments industry. Closing expected December 2005, subject to regulatory and shareholder approval.

“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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