Tyco Merger definition

Tyco Merger means the merger of an indirect subsidiary of Tyco International, plc with and into Old Xxxxxxx Controls effected on September 2, 2016.

Tyco Merger means the merger of an indirect subsidiary of Tyco International, plc with and into Old Johnson Controls effected on September 2,2016.

Tyco Merger means the merger of an indirect subsidiary of Tyco International, plc with and into Old Xxxxxxx Controls effected on September 2, 2016. “Unrestricted Inversion Status” means, with respect to the Tyco Merger, the fail- ure of the ownership threshold of Section 7874(a)(2)(B)(ii) of the Code to be met. “Unqualified Tax Opinion” means an unqualified opinion of a Tax Advisor on which Xxxxxxx Controls may rely to the effect that a transaction will not adversely affect (i) the

Examples of Tyco Merger in a sentence

• The Company’s other intangible assets, primarily from business acquisitions valued based on independent appraisals, consisted of (in millions): Refer to Note 2, "Merger Transaction," of the notes to consolidated financial statements for additional information of intangibles recorded as a result of the Tyco Merger.

• The following schedules present changes in consolidated equity attributable to Johnson Controls and noncontrolling interests (in millions, net of tax): The equity attributable to Johnson Controls International plc increased by $15.8 billion as a result of the Tyco Merger.

• The Company expects to contribute approximately $326 million in cash to its defined benefit pension plans in fiscal 2017 including $247 million due to change-in-control provisions triggered by the Tyco Merger.

• The changes in the carrying amount of goodwill in each of the Company’s reportable segments for the fiscal years ended September 30, 2016 and 2015 were as follows (in millions): In connection with the Tyco Merger, the Company recorded goodwill of $16,363 million based on the preliminary purchase price allocation.

• Under Irish law, dividends may only be paid (and share repurchases and redemptions must generally be funded) out of “distributable reserves.” The creation of distributable reserves was accomplished by way of a capital reduction, which the Irish High Court approved on December 18, 2014 and as acquired in conjunction with the Tyco Merger.

• Also, in connection with the Tyco Merger, the Company recorded equity attributable to noncontrolling interests of $34 million.

• As a result of the Tyco Merger, the Company is an indirect wholly-owned subsidiary of Johnson Controls International plc and has no equity securities that trade as of September 30, 2016.

• Short-term debt consisted of the following (in millions): In connection with the Tyco Merger, JCI Inc.

• Interest under this Section 11.2 will accrue each day at [**], or the maximum applicable legal rate, if less, calculated based on the total number of days payment is delinquent.

• As a result of the Tyco Merger in the fourth quarter of fiscal 2016, the Company recorded as part of the acquired liabilities of Tyco $2.4 billion of valuation allowances.