Tyco and Johnson Controls Merger Synergy Targets Reaffirmed

Tyco CEO George Oliver reaffirmed the combined company's ability to achieve $1 billion in synergies. The synergies are broken down into three buckets: a 20% reduction on $2 billion in G&A costs, $275 million in procurement savings, and $225 million in field cost reductions.

“I feel confident in our ability to achieve $1 billion in synergies in combined productivity which we laid out for you at EPG in May.”

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