Carrier sells security business (Global Access Solutions) to Honeywell for $4.95B

CARRIER GLOBAL Corp

Enterprise value of $4.95B, subject to working capital and net indebtedness adjustments at close.
Business includes LenelS2, Onity, Supra, BrokerBay, MASterMind brands; expected close by Q3 2024.
No financing condition or stockholder approval required; closing subject to regulatory approvals and customary conditions.
Termination date set for December 7, 2025 if conditions not satisfied; two-year non-compete for Carrier.
R&W insurance policy to be obtained; indemnification provisions with certain limitations.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

CARRIER GLOBAL Corp entered into Purchase Agreement with Honeywell International Inc. valued at $4.95 billion (effective 2023-12-07).

Action: entry
Agreement: asset purchase
Counterparty: Honeywell International Inc.
Value: $4.95 billion
Effective: 2023-12-07

Exact text from the filing

On December 7, 2023, Carrier Global Corporation (“ Carrier ”) entered into a Stock Purchase Agreement (the “ Purchase Agreement ”) with Honeywell International Inc. (“ Purchaser ”).

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CARRIER GLOBAL Corp filing history →

Source: SEC EDGAR

accession 0001140361-23-057415

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