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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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November 19, 2014
11:58 EDTJCIJohnson Controls boosts quarterly dividend 18% to 26c
Johnson Controls said its board increased its regular quarterly dividend to 26c per share of common stock, an increase of 18%. The quarterly dividend will be paid on Jan. 5, 2015 to shareholders of record as of the close of business on Dec. 12.
November 9, 2014
16:15 EDTJCIBrookfield Johnson Controls JV selected by Canada, Bloomberg says
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