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Johnson Controls shareholders approve merger with Tyco

Company says the merger is expected to be completed on September 2, 2016.

| | Aug 22, 2016 | 12:13 pm
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Milwaukee, Wisconsin: According to a press communiqué issued by Johnson Controls, the company’s shareholders voted on August 17, 2016, to approve the previously announced merger with Tyco. Also approved by Tyco shareholders, the merger, it added, is expected to be completed on September 2, 2016.

The communiqué revealed that as per the final count of the votes, 97% of the votes, cast at a special meeting, were in favour of the transaction, representing over 81% of all the outstanding Johnson Controls’ shares as of the record date. It added that the final vote results will be filed on a Form 8-K with the Securities and Exchange Commission.

“I am pleased our shareholders have voted in favor of this powerful strategic combination, which will unite two world-class companies with complementary capabilities,” said Alex Molinaroli, Chairman and CEO of Johnson Controls. “I am excited and enthusiastic as we create the world leader in buildings and energy systems with a strong leadership team and dedicated employees around the world ready to deliver on the promise of smarter cities and communities.”

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