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Tag Archives: a US maker of car batteries and heating and ventilation equipment

Johnson Controls to buy Ireland peer for $16.5bn

Johnson Controls Inc, a US maker of car batteries and heating and ventilation equipment, agreed to acquire Ireland-based peer Tyco International in a $16.5 billion deal that will lower its tax bill, the companies said on Monday. By moving its headquarters to Cork, Ireland, Johnson Controls would become the latest major US company to carry out a so-called tax-inversion after ...

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