Tag: J.P. Morgan

CORK, Ireland – Fire, HVAC, and building security equipment provider Johnson Controls has announced the pricing on its senior notes offering. According to the company’s official release, the pricing of its offering is at €600 million senior notes due 2028. The company said that net proceeds will be used for general purposes, including debt repayment, but could include acquisitions, repurchase of ordinary shares, additions to working capital and other corporate purposes. “Tyco...

LAWRENCE, Kan.—Three days after the largest security company (ADT) announced it was buying the second-largest alarm company (Broadview Security), Protection One, the third largest alarm company, announced it is exploring its strategic alternatives, including a sale of the company. “The financial markets are much stronger now than they were a year or so ago. Our company is performing well, and our balance sheet is in great shape,” Richard Ginsburg, Protection One CEO told Security...