Johnson Controls to merge with Tyco

Johnson Controls and Tyco entered a definitive merger agreement to create a leading provider of HVAC, controls, fire, security, and power solutions. Johnson Controls shareholders would own ~56% of the combined company (renamed Johnson Controls plc) and receive ~$3.9 billion in cash; Tyco shareholders ~44%.

“Johnson Controls and Tyco today announced that they have entered into a definitive merger agreement under which Johnson Controls, a global multi-industrial company, will combine with Tyco, a global fire and security provider, to create a leading provider of HVAC, controls, fire, security, and power solutions.”

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