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Johnson Controls Said in Talks to Combine With Tyco Intl

Updated on
  • JCI said to continue with spinoff of automotive-seating unit
  • Companies said to plan merger of building-control businesses

Johnson Controls Inc. is discussing a merger with Tyco International Plc that would combine the companies’ building-control businesses, said people familiar with the matter.

Johnson Controls is continuing with its plan to spin off its automotive-seating operations, said the people, who asked not to be identified. Terms weren’t immediately available. Discussions were first reported on Sunday by the Wall Street Journal, which said a deal may be announced as soon as Monday and valued at as much as $20 billion.