Summary
Johnson Controls International plc (JCI) filed an 8-K report on August 16, 2001, primarily to provide updated financial information related to Tyco International Ltd.'s acquisition of The CIT Group, Inc. (CIT). The filing includes unaudited consolidated financial statements for CIT as of June 30, 2001, and December 31, 2000, along with data for the six-month periods ending June 30, 2001 and 2000. Investors can review these statements, which were originally filed by CIT in its Form 10-Q, to understand CIT's standalone financial position and performance prior to and following the acquisition by Tyco. Furthermore, the report contains unaudited pro forma combined financial information for Tyco and CIT. This pro forma data offers a look at how the two entities would have appeared financially if they had been combined for the nine months ended June 30, 2001, and the fiscal year ended September 30, 2000. This information is crucial for investors to gauge the potential financial impact and synergies of the Tyco-CIT merger from JCI's perspective, as JCI is presenting this information as an exhibit to its filing.
Key Highlights
- 1Filing provides unaudited consolidated financial statements for The CIT Group, Inc. (CIT) as of June 30, 2001, December 31, 2000, and for the six months ended June 30, 2001 and 2000.
- 2Includes unaudited pro forma combined financial information for Tyco International Ltd. and CIT.
- 3Pro forma data covers the nine months ended June 30, 2001, and the year ended September 30, 2000.
- 4The CIT Group acquisition by Tyco was consummated on June 1, 2001, and is accounted for as a purchase by Tyco.
- 5The information is being provided as exhibits to this 8-K filing.
- 6This filing serves to update and make available key financial data relevant to the Tyco-CIT transaction for JCI's stakeholders.