CPP Investment board to sell Texas-based air system company for - TopicsExpress

CPP Investment board to sell Texas-based air system company for US$1.6 billion The body that manages investments for the Canada Pension Plan has agreed to sell Air Distribution Technologies, Inc. to Johnson Controls in a deal valued at approximately US$1.6 billion. CPP Investment Board acquired Air Distribution in 2012 for US$1.1 billion from Tomkins. Read more: apps2.tmxmoney/news/cpnews/article?locale=EN&newsid=16TB04&mobile=false

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