https://www.jsonline.com/story/mone...attery-business-13-2-billion/1987434002/
Quote
...Johnson Controls International plc has agreed to sell its automotive battery business to a Canadian private equity firm and institutional investors, including an entity that manages public pension plans in Quebec, for $13.2 billion....
...Johnson Controls is the world's largest manufacturer of automotive batteries, and the business accounted for $8 billion of the company's $31.4 billion in revenue in its fiscal year ended Sept 30...
...Johnson Controls said the sale would yield net proceeds of $11.4 billion after taxes and expenses related to the transaction....The sale would increase the company's ability to strengthen its balance sheet, return capital to shareholders and invest in new businesses, Oliver said in a statement...
Quote
...Johnson Controls International plc has agreed to sell its automotive battery business to a Canadian private equity firm and institutional investors, including an entity that manages public pension plans in Quebec, for $13.2 billion....
...Johnson Controls is the world's largest manufacturer of automotive batteries, and the business accounted for $8 billion of the company's $31.4 billion in revenue in its fiscal year ended Sept 30...
...Johnson Controls said the sale would yield net proceeds of $11.4 billion after taxes and expenses related to the transaction....The sale would increase the company's ability to strengthen its balance sheet, return capital to shareholders and invest in new businesses, Oliver said in a statement...