12/8/2023, 12:50 PM (Source: TeleTrader)
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Honeywell, Carrier Global reportedly reach $5B deal

Honeywell International Inc. reached an agreement to acquire Carrier Global Corporation's security business, The Wall Street Journal reported on Friday, citing unidentified sources with knowledge of the situation.

The transaction will amount to around $5 billion, the insiders told the newspaper.

Honeywell plans to spend $25 billion over the next three years on mergers and acquisitions, dividends, capital expenditures and stock repurchases, according to the report.

Baha Breaking News (BBN) / MS