Carrier Global shares are trading higher after the company announced the sale of its commercial and residential fire business for an enterprise value of $3 billion.
Portfolio Pulse from Benzinga Newsdesk
Carrier Global shares are trading higher following the announcement of the sale of its commercial and residential fire business for an enterprise value of $3 billion.
August 15, 2024 | 3:47 pm
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POSITIVE IMPACT
Carrier Global shares are trading higher after the company announced the sale of its commercial and residential fire business for an enterprise value of $3 billion.
The sale of the commercial and residential fire business for $3 billion is a significant transaction for Carrier Global, likely to positively impact its stock price in the short term due to the substantial cash inflow and potential for strategic reinvestment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100