Tyco International Expects To Close Merger With Johnson Controls On Sept. 2

(RTTNews) - Tyco International plc (TYC) said that it expects to close its merger with Johnson Controls, Inc. on September 2, 2016. The company also announced that its Board of Directors has declared an accelerated dividend of $0.23 per ordinary share, payable on August 26, 2016, to shareholders of record at the close of NYSE trading on August 5, 2016.

The accelerated dividend is in addition to the regular third quarter dividend scheduled to be paid on August 17, 2016 to shareholders of record on July 22, 2016.

Closing of the merger is contingent upon, among other things, the approval of proposals related to the merger by shareholders of each company. The special meetings for shareholders of Tyco and Johnson Controls are scheduled for August 17, 2016.