SSI Video Weekly News: Tyco, Johnson Controls Merge in Astronomical Deal
The deal is worth a reported $20 billion and brings together two companies who combine for $32 billion in annual revenue.
Welcome to another edition of the SSI Video Weekly News.
Major news broke on Monday morning as Tyco International and Johnson Controls announced they plan to merge in a deal worth reportedly $20 billion.
The astronomical deal brings together two of the most prominent security and fire/life safety firms as the two combine for $32 billion in annual revenue.
SSI has the full report on the specifics of the deal, as well as analysis from Thomas McConnell of Denver-based banking firm Headwaters MB. McConnell suggests Tyco could have received an even higher premium.
What will this mean for competitors like Siemens, Protection 1, Stanley and others? Will this signify a return to higher market prominence for Johnson Controls? Only time will tell.
Tune in next week for another edition of the SSI Video Weekly News.
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