JOHNSON CONTROLS INTERNATIONAL PLC (NYSE:JCI) Files An 8-K Other Events
On May3, 2019, Johnson Controls International plc (the Company) issued a press release announcing the commencement of a modified Dutch auction tender offer (the Equity Tender Offer) to purchase for cash up to $4,000,000,000 of its ordinary shares, par value $0.01 per share (the Shares), at a single per-Share purchase price not greater than $40.00 and not less than $36.00, to the tendering shareholder in cash, less any applicable withholding taxes and without interest. The Equity Tender Offer is being made upon the terms and subject to the conditions set forth in the Offer to Purchase, dated May3, 2019 (the Offer to Purchase), the related letter of transmittal and other related materials filed today as part of the Schedule TO with the Securities and Exchange Commission (the SEC). The Company will fund the purchase of Shares in the Equity Tender Offer with a portion of the proceeds from the sale of its Power Solutions business, which was completed on April30, 2019. The Equity Tender Offer is not conditioned on the receipt of financing or any minimum value of Shares being tendered.
A copy of the press release announcing the Equity Tender Offer is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Neither this report nor the exhibit hereto is a recommendation to buy or sell any of the Companys securities and shall not constitute an offer to purchase or the solicitation of an offer to sell any securities of the Company. The Equity Tender Offer is being made exclusively to the Offer to Purchase, the related letter of transmittal and other related materials filed as part of the Schedule TO. The offer materials are being sent to holders of the Shares. Holders may also obtain free copies of the offer materials online at the website of the SEC at www.sec.gov as exhibits to the Tender Offer Statement on Schedule TO filed by the Company today with the SEC or from the Companys information agent in connection with the Equity Tender Offer.
|Press release issued by Johnson Controls International plc, dated May 3, 2019, relating to the Equity Tender Offer (incorporated by reference to Exhibit (a)(5)(A) to the Tender Offer Statement on Schedule TO filed on May3, 2019).|