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Johnson Controls negotiating a merger with Tyco, report says

2016-01-25 06:44:14| Auto Parts - Topix.net

DETROIT/NEW YORK -- Johnson Controls Inc. is discussing a merger with Tyco International Plc that would combine the companies' building-control businesses, people familiar with the matter told Bloomberg. Johnson Controls is continuing with its plan to spin off its automotive-seating operations, said the people, who asked not to be identified.

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