Johnson 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.
CBRE Group to host conference call Conference Call to discuss definitive agreement to acquire the Global Workplace Solutions Business of Johnson Controls, Inc will be held on March 31 at 11 am. Webcast Link