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Johnson & Johnson operates over 250 companies in what is termed the Johnson & Johnson family of companies. The company operates in three broad divisions; Consumer Healthcare, Medical Devices and Pharmaceuticals.
Johnson Controls recently announced a merger agreement with Tyco, a global fire and security provider, to create a combined company with $32 billion in revenues, post the Adient spin-off. Under the terms of the agreement, Johnson Controlsâ shareholders will hold a 56% equity stake in the combined company, and will receive a cash consideration of ~$3.9 billion, with Tyco owning approximately 44% of the equity.