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Deal announced Jan 2016 Verified

Tyco and Johnson Controls Agree to Merge

Tyco and Johnson Controls announced an agreement to merge, creating Johnson Controls plc, a global leader in building products, technology, integrated solutions, and energy storage. The combined company will offer integrated products and services across fire, security, controls, HVAC, and energy storage. The merger is expected to close by September 2016, pending regulatory approvals.

“On January 25, 2016, we announced the news that Tyco and Johnson Controls have agreed to merge to create the global leader in building products and technology, integrated solutions and energy storage – Johnson Controls plc.”

Entities

Tyco · Acquirer Johnson Controls, Inc. · Target
HVAC Sentiment: Positive

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.