Johnson Controls JCI issued the
following statement:
Contrary to a wire service story released earlier today, Johnson Controls has
not retained JPMorgan to sell its automotive interiors business segment and
said it has no current intention to divest this segment.
Johnson Controls said it had retained JPMorgan to explore the potential
divestiture of its automotive electronics business segment. The company is in
the preliminary stages of this process.
No other details are available at this time.
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