Johnson Controls shares are trading higher after the company announced it will divest its residential and light commercial HVAC businesses to Bosch in an $8.1 billion deal.
Portfolio Pulse from Bill Haddad
Johnson Controls shares are trading higher after the company announced it will divest its residential and light commercial HVAC businesses to Bosch in an $8.1 billion deal.
July 23, 2024 | 10:12 am
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Johnson Controls shares are trading higher following the announcement of an $8.1 billion deal to divest its residential and light commercial HVAC businesses to Bosch.
The divestiture of the residential and light commercial HVAC businesses to Bosch for $8.1 billion is a significant move for Johnson Controls. This deal is likely to be seen positively by investors as it allows the company to focus on its core businesses and improve its financial position.
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IMPORTANCE 90
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