STOCKSTOWATCHTODAY BLOG Shares of Johnson Controls International were gaining after a report that an activist investor has been building a position in the air conditioning and building security supplier.
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").
(Bloomberg) -- Activist investor Elliott Investment Management has built a large position in industrial giant Johnson Controls International Plc, whose performance has lagged its peers, according to people familiar with the matter. Most Read from BloombergIran State TV Says ‘No Sign of Life’ at Helicopter Crash SiteSpeedier Wall Street Trades Are Putting Global Finance On EdgeSaudi Crown Prince Postpones Japan Trip Over King’s HealthEbrahim Raisi, Iranian President Confronting West, Dies at 63Ch