Johnson Controls Said in Talks to Combine With Tyco IntlBy and
JCI said to continue with spinoff of automotive-seating unit
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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.