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Citigroup Maintains Buy on Teradyne, Lowers Price Target to $162
Johnson Controls Agreed To Sell Its Residential And Light Commercial HVAC Business, Including Its North America Ducted Business And 60% Stake In The Johnson Controls-Hitachi Air Conditioning Joint Venture, To Robert Bosch GmbH For ~$8.1B In Cash, With Johnson Controls Receiving About $6.7B, While Hitachi Sells Its 40% Interest In The Joint Venture And Acquires Specific Assets As Part Of The Deal.
Johnson Controls International: Purchase Deal Says Robert Bosch Will Pay Co Termination Fee Of $300M If Purchase Agreement Is Terminated