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Wednesday, March 6, 2013

Deals of the day -- mergers and acquisitions, (NYSE: JCI)

The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Wednesday:** Johnson Controls Inc is exploring a potential sale of its automotive interiors unit, a move that would allow the diversified manufacturer to focus on higher-margin building controls and next-generation car batteries, three people familiar with the matter said.

Johnson Controls, Inc. (Johnson Controls) manufactures, installs and services automatic temperature regulation systems for buildings. Shares of JCI traded higher by 2.58% or $0.82/share to $32.63. In the past year, the shares have traded as low as $23.37 and as high as $33.26. On average, 4647150 shares of JCI exchange hands on a given day and today's volume is recorded at 30139552.