The following are the M&A deals, rumors and chatter circulating on Wall Street for Monday January 25, 2015
Johnson Controls to Merge With Tyco International
The Deal:
Johnson Controls JCI and Tyco TYC announced Monday, that they have agreed to merge, with Johnson Controls shareholders owning approximately 56% of the equity of the combined company, while Tyco shareholders will own approximately 44%. Johnson Controls shareholders may elect to receive either one share of the combined company for each of their Johnson Controls shares or cash equal to $34.88 per share. The deal is expected by the end of FY 2016. Tyco closed at $34.15 on Monday, up 11.64%. Johnson Controls shares fell 3.9% to close at $34.21 McD in Early Stage of Bid for Japan Stake The CFO Comments:
The Mcdonald's MCD CFO confirmed during Monday's earnings call, that the company is exploring a sale of a portion of its stake in the Japan business. McDonald's is in the early stages of Identifying a strategic investor who could help advance the Japan unit turnaround. Last week, Nikkei Asian Review, reported that multiple investment firms, including Bain Capital and Permira have likely submitted an offer to acquire a stake in the Japan unit. McDonald's closed at $119.20 on Monday, up $0.80. Jinpan to be Acquired for $6.00/Share The Deal:
Jinpan International Limited JST announced Monday, that it has entered into a definitive agreement and plan of merger with FNOF E&M Investment Limited and Silkwings Limited pursuant to which Jinpan will be acquired for $6.00 per share. The merger is currently expected to close during H1 of 2016. Jinpan closed at $31.21 on Monday, down 1.76%.
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The Mcdonald's MCD CFO confirmed during Monday's earnings call, that the company is exploring a sale of a portion of its stake in the Japan business. McDonald's is in the early stages of Identifying a strategic investor who could help advance the Japan unit turnaround. Last week, Nikkei Asian Review, reported that multiple investment firms, including Bain Capital and Permira have likely submitted an offer to acquire a stake in the Japan unit. McDonald's closed at $119.20 on Monday, up $0.80. Jinpan to be Acquired for $6.00/Share The Deal:
Jinpan International Limited JST announced Monday, that it has entered into a definitive agreement and plan of merger with FNOF E&M Investment Limited and Silkwings Limited pursuant to which Jinpan will be acquired for $6.00 per share. The merger is currently expected to close during H1 of 2016. Jinpan closed at $31.21 on Monday, down 1.76%.
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