Honeywell to buy Carrier’s security unit for $4.95 billion
Honeywell, a U.S. industrial giant, announced on Friday that it would acquire the security unit of Carrier, a leading air conditioner maker, for $4.95 billion in cash. The deal, which is the largest for Honeywell’s new CEO Vimal Kapur, will expand its building safety business and give it access to popular security brands such as…