Johnson Controls (JCI), Tyco (TYC) Enter Merger Agreement

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Go back to Johnson Controls (JCI), Tyco (TYC) Enter Merger Agreement

Johnson Controls and Tyco to Merge

January 25, 2016 7:00 AM EST

MILWAUKEE and CORK, Ireland, Jan. 25, 2016 /PRNewswire/ -- Johnson Controls (NYSE: JCI) and Tyco (NYSE: TYC) today announced that they have entered into a definitive merger agreement under which Johnson Controls, a global multi-industrial company, will combine with Tyco, a global fire and security provider, to create the leader in building products and technology, integrated solutions and energy storage.

Under the terms of the agreement, which has been unanimously approved by both companies' Boards of Directors, Johnson Controls shareholders will own approximately 56 percent of the equity of the... More