Carrier Global Agrees To Sell Its Global Commercial Refrigeration Business To Haier For An Enterprise Value Of $775M, Including $200M Of Net Pension Liabilities
Portfolio Pulse from Benzinga Newsdesk
Carrier Global has agreed to sell its Global Commercial Refrigeration business to Haier for an enterprise value of $775 million, which includes $200 million of net pension liabilities. This strategic move allows Carrier to streamline its portfolio and focus on its core businesses, while Haier can expand its commercial refrigeration offerings.
December 13, 2023 | 10:01 pm
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Carrier Global's sale of its refrigeration business to Haier for $775M, including pension liabilities, could streamline operations and focus on core areas, potentially boosting investor confidence.
The sale of a non-core business unit often leads to a more focused strategy and potential cost savings. The inclusion of pension liabilities in the deal may also relieve Carrier of future financial burdens. This could be viewed positively by investors in the short term, leading to a potential increase in CARR's stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100