Johnson Controls board approves incremental $1 billion share repurchase authorization
CORK, Ireland, Dec. 7, 2017 /PRNewswire/ -- The board of directors of Johnson Controls International plc, (NYSE: JCI), has approved an incremental $1 billion increase to its share repurchase authorization. The Company has approximately $200 million of availability under its previously announced $1 billion share repurchase authorization.
Repurchases may be made through a variety of methods, which could include negotiated block transactions, accelerated share repurchase transactions or open market purchases. The stock repurchase authorization does not have an expiration date and may be amended or terminated by the board of directors at any time without prior notice.
About Johnson Controls:
Johnson Controls is a global diversified technology and multi industrial leader serving a wide range of customers in more than 150 countries. Our 120,000 employees create intelligent buildings, efficient energy solutions, integrated infrastructure and next generation transportation systems that work seamlessly together to deliver on the promise of smart cities and communities. Our commitment to sustainability dates back to our roots in 1885, with the invention of the first electric room thermostat. We are committed to helping our customers win and creating greater value for all of our stakeholders through strategic focus on our buildings and energy growth platforms. For additional information, please visit http://www.johnsoncontrols.com or follow us @johnsoncontrols on Twitter.
SOURCE Johnson Controls