Tyco and Johnson Controls Merger Blackout Period

Tyco International plc announced a blackout period for its employee benefit plan in connection with its proposed merger with Johnson Controls, Inc. The blackout restricts trading by directors and executive officers and is expected to last from September 1, 2016 to September 9, 2016.

“in connection with Tyco’s proposed combination with Johnson Controls, Inc. (“Johnson Controls”) pursuant to the Agreement and Plan of Merger, dated January 24, 2016, by and among Tyco, Johnson Controls, and Jagara Merger Sub LLC, as amended (the “Merger”), a blackout will be imposed during which they will be subject to certain trading restrictions with respect to ordinary shares of Tyco (“Tyco Shares”).”

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.