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HomeStocks NewsHoneywell to buy Carrier's security unit for $4.95 billion

Honeywell to buy Carrier’s security unit for $4.95 billion

Shares of Carrier rose 6% in premarket trade.

Carrier expects net proceeds of about $4 billion from the deal and intends to use it to pay down debt, the companies said in a statement.

The deal is expected to close before the end of the third quarter of 2024.

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