Shareholders of both Glendale-based Johnson Controls Inc. and Cork, Ireland-based Tyco International PLC today approved the $16 billion merger of the companies, clearing the path to the completion of the deal Sept. 2.
Johnson Controls makes automotive batteries and seating components, as well as building energy efficiency systems. Its shareholders voted in Dallas at 1 p.m. They voted 97 precent in favor of the transaction, with 81 percent of outstanding shares represented.
Shareholders in Tyco, which makes fire and safety products, voted at 3 a.m. Milwaukee time in Dublin. The breakdown of that vote was not given. Read the full story here.
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