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Key Developments: Johnson Controls Inc (JCI.N)

JCI.N on New York Stock Exchange

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27 May 2016
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Latest Key Developments (Source: Significant Developments)

Johnson Controls says Tyco head George Oliver to serve as CEO of new company
Friday, 27 May 2016 08:00am EDT 

Johnson Controls Inc : Johnson Controls and Tyco announce future executive leadership team upon close of planned merger . Tyco chief executive officer George Oliver will serve as president and chief operating officer of new co . Alex Molinaroli will serve as chairman and chief executive officer for 18 months after closing for combined co . Oliver will become CEO and Molinaroli will become executive chair for one year, after which Oliver will become chairman, CEO .Brian Stief will serve as executive vice president & chief financial officer for combined co.  Full Article

Johnson Controls Inc raises FY 2016 EPS guidance; gives Q3 2016 EPS guidance
Thursday, 21 Apr 2016 06:55am EDT 

Johnson Controls Inc:Raised its FY 2016 guidance from $3.70 - $3.90 to $3.85 - $4.00 reflecting stronger operational performance and a reduction of the company's annual effective tax rate from 19 percent to 17 percent.Expects Q3 2016 earnings per diluted share (EPS) of $1.01 - $1.04. Quarterly and fiscal year guidance excludes transaction, integration and separation costs and other non-recurring items.  Full Article

Johnson Controls Inc gives Q2 2016 EPS guidance; reaffirms FY 2016 EPS guidance
Thursday, 28 Jan 2016 06:58am EST 

Johnson Controls Inc:Expects Q2 2016 earnings per diluted share of $0.80-$0.83.Reaffirmed FY 2016 EPS guidance of $3.70-$3.90.  Full Article

Johnson Controls and Tyco to Merge
Monday, 25 Jan 2016 07:00am EST 

Johnson Controls Inc:Says the company and Tyco have entered into a definitive merger agreement under which Johnson Controls will combine with Tyco.Under the terms of the agreement, which has been unanimously approved by both companies' Boards of Directors.Johnson Controls shareholders will own about 56 percent of the equity of the combined company and receive aggregate cash consideration of about $3.9 billion.Current Tyco shareholders will own about 44 percent of the equity of the combined company.Under the terms of the proposed transaction, the businesses of Johnson Controls and Tyco will be combined under Tyco International plc, which will be renamed "Johnson Controls plc".Companies expect that shares of the combined company will be listed on the New York Stock Exchange and trade under the "JCI" ticker.Completion of the transaction, which is expected by the end of fiscal year 2016.  Full Article

Johnson Controls announces increased quarterly dividend
Wednesday, 18 Nov 2015 09:35am EST 

Johnson Controls:Increased the regular quarterly dividend to $0.29 per share of common stock, an increase of 11.5 percent.newly increased quarterly dividend will be paid on Jan. 5, 2016 to shareholders of record as of the close of business on Dec. 11, 2015.  Full Article

Johnson Controls Inc announces global workforce reductions
Friday, 18 Sep 2015 08:00am EDT 

Johnson Controls Inc:Says planning to reduce its global salaried workforce by as many as 3,000 people, or 2.5 pct. of total employees.Says these actions will occur over the next two years.Says initiatives designed to ultimately deliver up to $250 million in annual cost savings.  Full Article

CBRE Group Inc closes acquisition of Global Workplace Solutions Business from Johnson Controls Inc
Tuesday, 1 Sep 2015 04:00pm EDT 

CBRE Group Inc:Closes acquisition of Global Workplace Solutions Business from Johnson Controls Inc.In addition, CBRE and Johnson Controls have forged a 10-year strategic relationship, as previously announced.CBRE will provide Johnson Controls with a full suite of integrated corporate real estate services on more than 50 million sq. ft. of real estate.Companies will also jointly fund a building innovation lab which will advance a new generation of workplace solutions to help clients attain their performance goals.  Full Article

Johnson Controls Inc announces quarterly dividend
Wednesday, 22 Jul 2015 12:45pm EDT 

Johnson Controls Inc:Has authorized a regular quarterly cash dividend of $0.26 per common share.dividend is payable on Oct. 2, 2015 to shareholders of record as of the close of business on Sept. 4, 2015.  Full Article

Johnson Controls to lay off 310 of New Jersey employees - New Jersey On-Line LLC
Wednesday, 10 Jun 2015 08:00pm EDT 

Johnson Controls Inc:Plans to lay off 310 of New Jersey employees at five locations - New Jersey On-Line LLC.The layoffs at each location include 111 in New Brunswick, a total of 88 at both of Johnson Controls' Princeton buildings, 83 in Pennington, 17 in Plainsboro and 11 in Bloomsbury.Effective from July 31.  Full Article

Johnson Controls Inc authorizes regular quarterly cash dividend
Wednesday, 20 May 2015 12:10pm EDT 

Johnson Controls Inc:Authorizes regular quarterly cash dividend of $0.26 per common share.Payable on July 2, to shareholders of record as of close of business on June 5.  Full Article

BRIEF-Shandong Binzhou Bohai Piston signs MOU with Hainachuan Automotive Parts, Johnson Controls Europe

* Says it signs mou with Beijing Hainachuan Automotive Parts and Johnson Controls Europe Holding