Johnson Controls in advanced talks to acquire Tyco - sources

Johnson Controls Inc , a U.S. manufacturer of car batteries and heating and ventilation equipment, is in advanced talks to buy fire protection and security company Tyco International Plc , people familiar with the matter said. A deal between Johnson Controls and Tyco, which have market capitalizations of $23 billion (£16.1 billion) and $13 billion respectively, would provide the clearest indication yet that the recent market volatility has not derailed strategic mergers from advancing. The