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Stock Market & Financial Investment News

News Breaks
April 16, 2014
11:23 EDTJCIJohnson Controls says continuing to look at alternatives for auto interiors unit
On its conference call discussing the acquisition of Air Distribution Technologies, Johnson Controls said it sees 5-year run rate cost synergies of the deal at $75M-$100M and 5-year run rate revenue synergies about $150M. The company expects the deal will close "very late" in FY14, and notes that it will have some acquisition-related charges in Q3 and Q4, but adds that the charges will not be significant. The company says it will not get to the full cost run rate savings until 2Q15-3Q15. The company anticipates a debt issuance in Q3.
News For JCI From The Last 14 Days
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April 15, 2015
09:55 EDTJCIBofA/Merrill U.S. autos analysts hold an analyst/industry conference call
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April 14, 2015
08:32 EDTJCICBRE Group acquires Environmental Systems, terms not disclosed
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08:06 EDTJCIJohnson Controls and SAIC's Yanfeng Automotive sign JV agreement
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