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Subsequent Events
9 Months Ended
Jun. 24, 2016
Subsequent Events [Abstract]  
Subsequent Events
Subsequent Events
On July 21, 2016, the Company announced that it expects to close its merger with Johnson Controls, Inc. on September 2, 2016. In addition, the Company declared an accelerated dividend of $0.23 per ordinary share, payable on August 26, 2016, to shareholders of record on August 5, 2016.
The accelerated dividend is in addition to the regular third quarter dividend scheduled to be paid on August 17, 2016 to shareholders of record on July 22, 2016. This accelerated dividend pulls forward the quarterly dividend that Tyco would have declared in its fiscal fourth quarter, and is intended to align dividend payments made to shareholders of Tyco and Johnson Controls prior to the closing of the merger. Closing of the merger is contingent upon, among other things, the approval of proposals related to the merger by shareholders of each company. The special meetings for shareholders of Tyco and Johnson Controls are scheduled for August 17, 2016.