TEXT-S&P: Johnson Controls rtgs unaffected by Visteon bid


(The following statement was released by the rating agency) May 21 - Standard & Poor's Ratings Services said today that the announcement by Johnson Controls Inc. (JCI; BBB/Postive/A-2) that it is offering $1.25 billion in cash to acquire the interiors and electronics businesses of bankrupt Visteon Corp. has no immediate effect on JCI's rating and outlook. Although we believe some of the assets that would be subject to the acquisition could be a good strategic fit for JCI, a purchase ...

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