Tyco International (TYC) Receives Shareholder Approval for Johnson Controls Merger

August 17, 2016 3:39 PM EDT

Find out which companies are about to raise their dividend well before the news hits the Street with StreetInsider.com's Dividend Insider Elite. Sign-up for a FREE trial here.

Tyco International plc (NYSE: TYC) announced that its shareholders approved all matters related to the proposed merger with Johnson Controls at an extraordinary general meeting of shareholders held today in Dublin.

Johnson Controls shareholders also voted to approve the merger at a special general meeting in Dallas today.

"We are excited about combining the vast capabilities of Johnson Controls and Tyco to help customers improve their safety, performance and operations," said Tyco Chief Executive Officer George R. Oliver. "I would also like to thank our shareholders for their confidence and investment in the company over the years and for their support of our vision with their approval of this merger."

The merger is expected to be completed on Friday, Sept. 2, 2016.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories

Corporate News, Management Comments, Mergers and Acquisitions

Related Entities

Lazard, Earnings, Definitive Agreement

Add Your Comment