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NEW YORK — Johnson Controls and Tyco will combine as the unprecedented pace of buyouts and mergers from last year rolls over into 2016.

Shareholders of Johnson Controls Inc., based in Milwaukee, will own about 56 percent of the new company, which would have a combined value of about $36 billon, and Tyco shareholders the rest. Dealogic, a research firm that tracks Wall Street mergers and acquisitions, pegged the deal’s value at $14.6 billion, excluding debt. Johnson Controls spokesman Fraser Engerman said he wasn’t familiar with Dealogic’s calculation.

But the global headquarters will be in Cork, Ireland, where Tyco is based. Tyco International Plc has its U.S. headquarters in Princeton, New Jersey.

The new company, named Johnson Controls Plc, will have its operational headquarters for the U.S. in Milwaukee.

Its legal domicile, which could have tax implications, will be in Ireland.

The move, called a corporate inversion, has become a popular way for American companies to reduce their corporate tax payment to the IRS. About 50 U.S. companies have inverted in the past decade, with more seeking to do the same.

Tyco and Johnson Controls said they expect annual tax savings of at least $150 million.

Inversions: Corporate inversions have become increasingly politicized with the election less than a year away, and Democrats — including presidential candidates Hillary Clinton and Bernie Sanders — have called for stronger rules to discourage inversions. Republicans have said the best way to curb inversions is to overhaul the tax code.

In 2014, Treasury issued new regulations to limit the financial benefits of inversions, but officials said ultimately the issue must be solved by Congress.

Tyco and Johnson Controls said the merger will speed innovation in fast-growing smart technology now being enabled in devices, sensors, data analytics and controls.

Johnson Controls owns a facility at 631 S. Richland Ave.

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