Johnson Controls to buy Delphi battery business

Newswire

CHICAGO, March 22 (Reuters) - Automotive interiors maker Johnson Controls Inc. on Tuesday said it has agreed to buy Delphi Corp.'s global auto battery business for $212.5 million. Johnson Controls, in conjunction with the deal, also expects to receive a global long-term contract to supply General Motors Corp. with original-equipment batteries. The transaction is expected to close in the summer, subject to the signing of a final agreement and other conditions, including the GM supply ...

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