Johnson Controls (JCI), Tyco (TYC) Enter Merger Agreement
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January 25, 2016 1:24 PM EST
Bernie Sanders Calls Johnson Controls (NYSE: JCI), Tyco (NYSE: TYC) Deal Disaster for Taxpayers - Bloomberg
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January 24, 2016 4:03 PM EST
By Greg Roumeliotis
(Reuters) - Johnson Controls Inc (NYSE: JCI), a U.S. manufacturer of car batteries and heating and ventilation equipment, is in advanced talks to buy fire protection and security company Tyco International Plc (NYSE: TYC), people familiar with the matter said.
A deal between Johnson Controls and Tyco, which have market capitalizations of $23 billion and $13 billion respectively, would provide the clearest indication yet that the recent market volatility has not derailed strategic mergers from advancing.
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January 24, 2016 1:21 PM EST
Johnson Controls (NYSE: JCI) is in advanced talks to acquire Tyco International (NYSE: TYC) for as much as $20 billion, WSJ reported citing people familiar with the matter.
A deal could be announced as soon as Monday.
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