Johnson Controls International plc Buyback
OLI recorded this information on 3/7/2019
Johnson Controls International plc
Johnson Controls International plc (NYSE: JCI) today announced that the Company's board of directors has approved an additional $8.5 billion share repurchase authorization, subject to the completion of the previously announced sale of the Company's Power Solutions business. The Company has received U.S. and European antitrust approvals relating to the sale and is targeting to close the transaction no later than June 30, 2019, subject to customary closing conditions and receipt of all required regulatory approvals.
Johnson Controls International is engaged in engineering, manufacturing and commissioning building products and systems, including heating, ventilating, air-conditioning equipment, industrial refrigeration systems, controls, security systems, fire detection systems and fire suppression solutions. Co. also provides technical services, including maintenance, repair, retrofit and replacement of equipment, energy-management consulting and data-driven services and solutions via its digital platforms and capabilities. Co.'s segments are: Building Solutions North America, Building Solutions Europe, the Middle East, Africa/Latin America, Building Solutions Asia Pacific, and Global Products.
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Buy (2.93 out of 4)