Johnson Controls to merge with Tyco

[January 25, 2016]  (Reuters) - Johnson Controls Inc, a maker of car batteries and heating and ventilation equipment, said on Monday it would merge with Ireland-based fire protection and security systems maker Tyco International Plc.

Johnson Controls' shareholders will own about 56 percent of the combined company and receive a cash consideration of about $3.9 billion, upon closure of the deal.

(Reporting by Ankit Ajmera in Bengaluru; Editing by Saumyadeb Chakrabarty)

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