Divestiture Feb 2016 Verified
Planned Adient Spin-off Post Merger
Following the merger, the combined company plans to spin off its automotive seating and interiors business, Adient, as a separate publicly traded company. The spin-off is expected at the beginning of fiscal 2017.
“Planned Adient spin-off to occur post merger, expected at the beginning of fiscal 2017”
Entities
Johnson Controls, Inc. · Parent
Other Sentiment: Neutral
Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.