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3M $2 billion acquisition of Johnson Controls International safety business

16/3/2017
Public acquisition
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$ 2 billion

Announced

16/3/2017

Overview:

  • 3M has acquired Johnson Controls International safety business in a $2 billion deal.
  • The safety business manufactures equipment for industrial workers, police and firefighters.
  • Citi and Goldman Sachs acted as financial advisers for 3M.
  • Centerview Partners was financial adviser for Johnson Controls.
  • The transaction is expected to close in the second half of 2017.

Kurt Stumpo - Journalist

Jurisdiction:

United States

Deal type:

Public acquisition

Practice area:

M&A

Governing law:

United States

Industry sector:

Industrials and manufacturing

Firms:
Cleary Gottlieb Steen & Hamilton

Party: 3M (Acquirer)

Lawyer: Aaron Meyers

Simpson Thacher & Bartlett

Party: Johnson Controls (Seller)

Lawyers: Alan Klein, Elizabeth Cooper

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