secwatch.observer — SEC 8-K summary
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Issuer:     CARRIER GLOBAL Corp (CARR)
CIK:        0001783180
Form:       8-K
Filed at:   2023-12-13T23:59:59+00:00
Accession:  0001140361-23-057415
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1783180/000114036123057415/0001140361-23-057415-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1783180/000114036123057415/ef20016353_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-057415

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