Johnson Controls International: Purchase Deal Says Robert Bosch Will Pay Co Termination Fee Of $300M If Purchase Agreement Is Terminated
Portfolio Pulse from Benzinga Newsdesk
Johnson Controls International (JCI) has a purchase agreement with Robert Bosch. If the agreement is terminated, Bosch will pay JCI a termination fee of $300 million.
July 26, 2024 | 8:46 pm
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Johnson Controls International (JCI) has a purchase agreement with Robert Bosch. If the agreement is terminated, Bosch will pay JCI a termination fee of $300 million.
The termination fee of $300 million provides a financial cushion for JCI in case the deal falls through, which is a positive signal for investors as it mitigates potential downside risks.
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