JCI, Tyco ink merger deal valued at $16.5B

摘要

Johnson Controls Inc. (JCI) is planning to merge with Tyco International Plc in a strategic move to build upon operational efficiencies and tap into $150 million in tax savings."The proposed combination of Johnson Controls and Tyco represents the next phase of our transformation to become a leading global multi-industrial company," JCI chairman and chief executive officer Alex Molinaroli said in a statement, adding that synergies between the companies will align JCI for further global growth and investment.