Merger Consideration Details Announced

Johnson Controls shareholders can elect to receive either one ordinary share of the combined company or $34.88 in cash per share, subject to proration. Tyco shareholders will receive 0.955 ordinary shares of the combined company for each Tyco share held.

“each share of Johnson Controls common stock (other than certain shares described in the merger agreement) will be converted into, at the election of the holder of such share, either: (i) one ordinary share of the combined company; or (ii) $34.88 in cash, without interest.”

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