Carrier agrees to sell Commercial & Residential Fire business to Lone Star Funds for $3B

CARRIER GLOBAL Corp

Enterprise value of $3 billion; expected close by end of 2024 subject to regulatory approvals.
Net proceeds of ~$2.2 billion to be used for share repurchases.
This completes all planned divestitures; combined value >$10 billion at mid-teens EBITDA multiple.
Carrier has reduced net debt by >$5 billion this year after Viessmann acquisition.

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