secwatch.observer — SEC 8-K summary
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Issuer:     Johnson Controls International plc (JCI)
CIK:        0000833444
Form:       8-K
Filed at:   2024-07-26T23:59:59+00:00
Accession:  0001193125-24-186281
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

JCI to sell Residential and Light Commercial HVAC business to Bosch for $8.1B cash
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- JCI to receive approx $6.7B in cash for its portion; total consideration including Hitachi's 40% stake in JCH is ~$8.1B.
- Transaction includes JCI's North America Ducted business and its 60% interest in JCH joint venture with Hitachi.
- Closing expected by May 23, 2025, subject to regulatory approvals and other customary conditions.
- JCI may receive $300M termination fee if deal fails due to regulatory issues.
- No financing condition or shareholder approval required for JCI.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/833444/000119312524186281/0001193125-24-186281-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/833444/000119312524186281/d835802d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-186281

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