Johnson Controls Completes Acquisition of Gylling Optima Batteries AB
7 November 2000
Johnson Controls Completes Acquisition of Gylling Optima Batteries ABMILWAUKEE, Nov. 6 Johnson Controls, Inc. , today announced that it that it has completed its acquisition of Gylling Optima Batteries AB, a manufacturer of high performance spiral wound lead-acid batteries. Shareholders tendered over 99 percent of Gylling Optima shares under a tender offer that expired October 27, 2000. Johnson Controls paid approximately $58 million in cash for these shares. The company said that all the requirements of the offer as detailed in the prospectus have been met. Shareholders will be sent payment for their shares on November 8, 2000. Gylling Optima will be delisted from the Stockholm Stock Exchange O-List on November 13, 2000.