MILWAUKEE -- Johnson Controls has announced the final results of its previously announced offer to exchange any and all of its outstanding 6.5 percent convertible senior notes due 2012 for a cash payment and shares of its common stock. The offer expired at 11:59 p.m. on Sept. 17.

Approximately $400.4 million aggregate principal amount of convertible notes had been tendered as of the expiration date, all of which have been accepted for exchange. In accordance with the terms of the offer, Johnson Controls will exchange approximately 35.8 million shares of common stock and approximately $61.2 million in cash for the tendered convertible notes.

Approximately 99.5 percent of the principal amount of the outstanding convertible notes was tendered in the offer. A total of approximately $2.1 million principal amount of convertible notes will remain outstanding.