Carrier Completes Strategic Portfolio Transformation with Closing of $3B Sale of its Commercial and Residential Fire Business
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Carrier Global Corporation has completed the sale of its Commercial and Residential Fire business to Lone Star Funds for $3 billion, marking a strategic portfolio transformation.
December 02, 2024 | 2:00 pm
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Carrier Global Corporation has finalized the sale of its Commercial and Residential Fire business to Lone Star Funds for $3 billion, indicating a strategic shift in its business portfolio.
The sale of the Fire business for $3 billion is a significant move for Carrier Global, indicating a strategic shift in its business focus. This could positively impact the stock price as it may lead to a more streamlined and focused business model, potentially improving profitability.
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