Tyco International Plc said Thursday it expects its merger with Johnson Controls Inc. to close on September 2. The company said it will pay an accelerated dividend of 23 cents a share on August 26 to shareholders of record as of August 5. Shares rallied 4.9% in early trade, while Johnson Controls shares rose 3.6%. The S&P 500 was down 0.03%.
Continue Reading Below
Copyright © 2016 MarketWatch, Inc.