8-KOther Events

Johnson Controls International plc 8-K Report, Corporate Update (Dec 15, 2009)

Filed December 15, 2009For Securities:JCI

Summary

Tyco International Ltd. (the registrant, though the filing lists Johnson Controls International plc in the prompt, the 8-K itself is for Tyco International Ltd.) has announced the acquisition of two Brazilian valve companies for approximately BRL 183.1 million, which equates to $104.0 million USD as of the reporting date. This strategic move indicates an expansion of Tyco's operations, likely within its flow control or related segments, into the growing Brazilian market. Investors should note that this acquisition, while not disclosed with extensive financial detail in this particular filing, represents an inorganic growth strategy for Tyco. The filing itself is brief, primarily serving to announce the event and provide a press release as an exhibit for further details. This suggests management's confidence in pursuing market opportunities and integrating new businesses to bolster its portfolio.

Key Highlights

  • 1Tyco International Ltd. acquired two Brazilian valve companies.
  • 2The total purchase price for the acquisitions was approximately BRL 183.1 million ($104.0 million USD).
  • 3The acquisitions represent an expansion of Tyco's business into Brazil.
  • 4The event was reported on December 14, 2009, via a press release.
  • 5The filing is an 8-K, indicating a material event.
  • 6The press release, furnished as an exhibit, is expected to contain more detailed information.

Frequently Asked Questions