The Traderszone Network

Published in TZ Latest News 24 January, 2016 by The TZ Newswire Staff

Johnson Controls in advanced talks to acquire Tyco: sources

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. The Wall Street Journal, which first reported on the talks, said a deal could be announced as early as Monday. Johnson Controls and Tyco did not respond to requests for comment.