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Elliott Investment Management has reportedly acquired a substantial stake in Johnson Controls International, exceeding $1 billion, ranking it among the top ten investors in the company. Despite a 9.2% rise in Johnson Controls' shares over the past year, the company's performance lags behind industry peers.
TOP STORY: Elliott Investment Management, the $8bn activist hedge fund firm founded by Paul Singer, has built a stake worth over $1bn in Johnson Controls International, a specialist in HVAC control systems used by data centres, according to a report by Bloomberg.
CORK, Ireland, May 20, 2024 /PRNewswire/ Johnson Controls International plc today announced that it has commenced tender offers to purchase for cash the debt securities issued by the Company.