Published July 21, 2016 9:53am EDT | Updated July 21, 2016 10:03am EDT

Tyco Expects Johnson Controls Merger To Close Sep. 2; To Pay 23 Cents Accelerated Dividend

Tyco International Plc said Thursday it expects its merger with Johnson Controls Inc. to close on September 2. The company said it will pay an accelerated dividend of 23 cents a share on August 26 to shareholders of record as of August 5. Shares rallied 4.9% in early trade, while Johnson Controls shares rose 3.6%. The S&P 500 was down 0.03%.