Tyco wants to merge with Johnson Controls

A new mega-fusion is apparently about to happen: the fire protection concern Tyco, currently with a market value of around 13 billion Euro, and the American automotive parts supplier Johnson Controls want to merge. According to a company announcement, Johnson's shareholders will retain 56 percent of the new company, which will have its headquarters in Ireland, the location of the US conglomerate Tyco. The companies stated expected annual tax savings of at least US$ 150,000 as the reason for this step, which should be concluded by the end of the 2016 business year.