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A Deal Stalls for Johnson Controls

The company is pushing to sell an underperforming business unit. But, so far, buyers don't like what they see – at least, not at the asking price.

By John Rosevear – Jun 27, 2013 at 11:31AM EST

Auto-supply giant Johnson Controls (JCI +3.42%) has been shopping its automotive electronics business for several months. The company believes that its underperforming unit would be best off under other ownership – but, so far, nobody has made an offer that Johnson Controls is willing to accept.

Is JCI's management going to have to rethink this deal? In this video, Fool.com contributor John Rosevear takes a look at some of the companies that are said to be interested – and at the obstacle that may be holding them back from making an offer.

Read Next

About the Author

John Rosevear
John Rosevear is a senior contributing Motley Fool auto analyst covering automakers and trends shaping the global auto industry. John’s tenure with the company spans 15 years covering auto stocks, mutual funds, and retirement investing. He is a former CNBC reporter who covered the future of autos, including electric vehicles and self-driving cars. Prior to The Motley Fool, he worked at Fidelity Investments in communications and investor education roles. He holds a bachelor’s degree in government from Cornell University. He once spent an entire day sitting on the floor of Peter Lynch’s office – with Lynch present.
TMFMarlowe

Stocks Mentioned

Johnson Controls International Stock Quote
Johnson Controls International
NYSE: JCI
$130.91
(+3.42%)+$4.33
General Motors Stock Quote
General Motors
NYSE: GM
$74.53
(+2.43%)+$1.77
Volkswagen Ag Stock Quote
Volkswagen Ag
OTC: VWAGY
$10.26
(+2.06%)+$0.21
Visteon Stock Quote
Visteon
NASDAQ: VC
$91.07
(+6.25%)+$5.36

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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