Johnson Controls (JCI) PT Adjusted to $48 at Oppenheimer
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Johnson Controls completes separation of Adient
October 31, 2016 7:45 AM EDTCORK, Ireland, Oct. 31, 2016 /PRNewswire/ --Â Johnson Controls (NYSE: JCI) announced today its automotive seating business is now Adient (NYSE: ADNT), an independent, publicly traded company with 75,000 employees globally focused on strengthening its market leading position.
The separation of Adient completes a process begun more than a year ago when Johnson Controls announced its plan to spin off the automotive seating business as part of its multi-industrial strategy focused on making investments in the company's core growth platforms around buildings and energy.
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