Merger of Losers: Johnson Controls in Talks to Acquire Tyco

This is a pretty big deal–but most likely meaningless for the rest of the market.

A deal between Johnson Controls and Tyco, which have market capitalizations of $23 billion and $13 billion respectively, would provide the clearest indication yet that the recent market volatility has not derailed strategic mergers from advancing.

JCI is down 20% over the past 3 months, while TYC is down 16%.

Other machinery companies that might rise in sympathy include IR, DOV, CMI and FLS.