US: Johnson Controls completes Azure stake purchase

Azure Dynamics has confirmed that the previously announced equity investment by a wholly-owned Canadian subsidiary of Johnson Controls has been completed. As a result of the investment, Johnson Controls' Canadian subsidiary has acquired, on a private placement basis, 21,080,000 common shares of Azure, at a price of CA$0.30 per common share, Subscribe to Automotive World … Continued

• By Webmaster
• June 21, 2010