Johnson Controls to Spin Off Adient Automotive Business

Johnson Controls International plc approved the separation of its automotive seating and interiors business (Adient) into an independent, publicly traded company. The distribution to shareholders is expected on October 31, 2016, with Adient becoming a standalone entity.

“On September 8, 2016, the board of directors of Johnson Controls International plc (the “Company” and the board of directors, the “Company Board”) approved the separation of the Company’s automotive seating and interiors business (the “Adient Business”) from the rest of the Company (the “separation”).”

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