Company veteran Todd Grabowski appointed to lead new global organization focused on delivering integrated data center solutionsGrabowski to report directly to Chairman and CEO George OliverCORK, Ireland, June 5, 2024 /PRNewswire/ -- Johnson Controls (NYSE: JCI), the global leader for smart, healthy and sustainable buildings, today announced the creation of a dedicated Global Data Center Solutions organization, focused specifically on operationalizing Johnson Controls' global scale to provide integrated solu ...

CORK, Ireland, June 4, 2024 /PRNewswire/ -- Johnson Controls International plc (NYSE: JCI) (the "Company" or "Johnson Controls") today announced the Reference Yields for its previously announced cash tender offers (the "Tender Offers"), in the order of priority set forth in the table below, and the increase of the previously announced aggregate tender cap from $90,000,000 aggregate principal amount to $119,000,000 aggregate principal amount (as amended hereby, the "Aggregate Tender Cap") of the outstanding ...

CORK, Ireland, June 4, 2024 /PRNewswire/ -- Johnson Controls International plc (NYSE: JCI) (the "Company" or "Johnson Controls") today announced the early tender results for its previously announced cash tender offers (the "Tender Offers"), in the order of priority set forth in the table below, for up to $90,000,000 aggregate principal amount (the "Aggregate Tender Cap") of the outstanding senior notes listed in the table below (collectively, the "Securities" and each a "series"). The Company also announced ...

The involvement of an activist hedge fund might be what this company needs right now.The news that high-profile activist hedge fund Elliot Investment Management has built a $1 billion position in building controls and heating, ventilation, and air conditioning (HVAC) company Johnson Controls (JCI 0.87%) has sent the stock higher.While some of the moves are, no doubt, down to investors who simply looking to jump on the bandwagon, it's also a reflection that Johnson's management could do a better job of gener ...

Johnson Controls International plc (JCI) is poised to gain from strength in the Building Solutions North America segment, acquired assets and shareholder-friendly moves despite softness in the Global Products segment and increasing costs.What’s Aiding JCI?Business Strength: Johnson Controls has been experiencing strong momentum in the Building Solutions North America and Building Solutions Europe, Middle East, and Africa/Latin America (EMEA/LA) segments. Solid demand for heating, ventilation and air conditi ...

An activist is reportedly building a stake in the industrial giant.A prominent activist has reportedly taken a position in Johnson Controls International (JCI 2.92%), which could be the first step toward pushing for change at a company that has underperformed of late.Investors are intrigued, sending shares of Johnson Controls up as much as 5.8% on Monday morning and up 3% as of 11 a.m. ET.An underperformer catches the eyeJohnson Controls is a maker of climate-control, security, and other building products. ...

Johnson Controls International PLC (NYSE:JCI) stock is jumping to two-year highs, up 4.3% at $71.95 at last glance, after reports that activist hedge fund Elliott built a $1 billion-plus stake in the electrical name. The company also today announced a cash offer for up to $90 million in aggregate principal amount of securities. Johnson Controls International stock only had two negative days since the start of May, after it jumped off the 80-day moving average at the $60 level. Headed for its highest daily p ...

The logo of Johnson Controls, pictured in Hanover, Germany, 8 February 2016. PHOTO: HOLGER ... [+] HOLLEMANN/DPA | usage worldwide (Photo by Holger Hollemann/picture alliance via Getty Images)picture alliance via Getty ImagesJohnson Controls stock (NYSE: JCI) is seeing higher levels after reports of Elliott Management – one of the largest activist funds in the world – building a position of over $1 billion in the company. ((Activist Hedge Fund Elliott Builds $1 Billion-Plus Stake in Johnson Controls Johnson ...

CORK, Ireland, May 20, 2024 /PRNewswire/ -- Johnson Controls International plc (NYSE: JCI) (the "Company" or "Johnson Controls") today announced that it has commenced tender offers to purchase for cash the debt securities issued by the Company listed in the table below (collectively, the "Securities" and each a "series").Up to $90,000,000 Aggregate Principal Amount of Securities of Johnson Controls International plc Listed Below in the Acceptance Priority Levels Listed BelowTitle of Security CUSIP No. / ISI ...

Key TakeawaysJohnson Controls stock moved higher in premarket trading Monday after Bloomberg reported that activist investor Elliott Investment Management has taken a stake of more than $1 billion in the company.Elliott's reported investment in the company comes at a time when the industrial conglomerate is exploring selling several non-core businesses and has seen a number of senior executive changes.A break above key chart resistance around $70 could lead to a retest of the stock’s all-time high at $81.77 ...