Auto parts maker Johnson Controls has completed the sale of equity units and convertible notes worth US$852.5m.
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The company said in a statement it expected the net proceeds from the sale of the equity units to be about $436.2m after fees and expenses while net proceeds from the sale of the notes was estimated at $392.1m.
The total sale was more than the $750m the company had previously announced, since the underwriters exercised options to buy additional equity units and notes, the Reuters new agency said.
