Johnson Controls to acquire Ireland-based Tyco in $16.5b deal that will lower its tax bill

The logo of the U.S. Johnson Controls company is seen in Nersac, southwestern France, January 31, 2008. REUTERS/Regis Duvignau

Johnson Controls Inc, a U.S. maker of car batteries and heating and ventilation equipment, agreed to acquire Ireland-based peer Tyco International Plc in a $16.5 billion deal that will lower its tax bill, the companies said on Monday.

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