Johnson Controls, York Make It Official

摘要

On Dec. 9, York International shareholders voted in favor of Johnson Controls acquiring York, the final step in the $3.2 billion acquisition. Johnson Controls assumes $800 million of York International's debt, while stockholders stand to receive $56.50 for each outstanding common share. With the vote, York, with estimated annual revenues of nearly $5 billion, is now part of the Johnson Controls building efficiency business, which generated sales of $5.7 billion in 2005.