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Market Impact: 0.35

Carrier Completes Sale of Riello to Ariston Group

M&A & RestructuringCompany Fundamentals

Carrier Global (CARR) completed the sale of its Riello business to Ariston Group for gross proceeds of approximately $440M. The divestiture is a portfolio-management positive that could support capital allocation, depending on use of proceeds and related restructuring costs.

Analysis

Carrier Global (CARR) completed the sale of its Riello business to Ariston Group for gross proceeds of approximately $440M. The divestiture is a portfolio-management positive that could support capital allocation, depending on use of proceeds and related restructuring costs.

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Market Sentiment

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mildly positive

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0.15

Ticker Sentiment

CARR0.25

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