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Johnson Controls' Auto Unit To Spin Off As Public Co.

By Aebra Coe (July 24, 2015, 1:44 PM EDT) -- Car parts maker Johnson Controls Inc. said Friday that it plans to spin off its automotive seating and interiors business in the next 12 months under the guidance of Wachtell Lipton Rosen & Katz so that the unit can operate as an independent, publicly traded company....

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