8-KOther EventsExhibits & Filings

Johnson Controls International plc 8-K Report, Corporate Update (Mar 28, 2012)

Filed March 28, 2012For Securities:JCI

Summary

This 8-K filing from Tyco International Ltd. (which is the registrant in this filing, not Johnson Controls International plc as initially stated in the prompt) reports on a significant corporate transaction. On March 27, 2012, Tyco announced a definitive Merger Agreement with Pentair, Inc. This agreement involves Tyco's subsidiary, Tyco Flow Control International Ltd. (Flow Control), merging with Pentair. Concurrently, Tyco also entered into a Separation and Distribution Agreement to separate its Flow Control business and distribute it along with ADT Corporation, a newly formed subsidiary. This indicates a strategic move by Tyco to streamline its operations and potentially unlock value by separating its businesses. Investors should note that this announcement is accompanied by a joint press release and investor presentation, both of which are filed as exhibits. A conference call was scheduled for March 28, 2012, to discuss these transactions. The filing emphasizes the importance for Pentair shareholders to review the upcoming proxy statement/prospectus, which will contain crucial details about the proposed merger. This transaction represents a material event for Tyco and Pentair, signaling a major shift in their corporate structures and future strategies.

Key Highlights

  • 1Tyco International Ltd. announced a definitive Merger Agreement with Pentair, Inc. on March 27, 2012.
  • 2The transaction involves the merger of Tyco's subsidiary, Tyco Flow Control International Ltd., with Pentair.
  • 3A Separation and Distribution Agreement was also announced, involving the separation and distribution of Tyco's Flow Control business and a new subsidiary, The ADT Corporation.
  • 4A joint press release and investor presentation detailing the transaction were filed as exhibits.
  • 5A conference call for investors was scheduled for March 28, 2012, to discuss the merger and separation.
  • 6Pentair shareholders are urged to read the forthcoming proxy statement/prospectus for detailed information.
  • 7This filing is made by Tyco International Ltd., not Johnson Controls International plc.

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