EnergyConnect to Be Acquired by Johnson Controls for $0.2253 Per Share

EnergyConnect Group, Inc. (ECNG) signed a merger agreement with Johnson Controls, Inc. JCI to acquire EnergyConnect for a total cash consideration of approximately $32.3 million. 

Under the terms of the definitive agreement, which has been approved by EnergyConnect’s Board of Directors, Johnson Controls would purchase all of EnergyConnect’s outstanding shares for $0.2253 per share in cash.