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CARR Carrier Global Corporation

62.70
-0.01 (-0.02%)
Pre Market
Last Updated: 13:30:59
Delayed by 15 minutes
Share Name Share Symbol Market Type
Carrier Global Corporation NYSE:CARR NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -0.01 -0.02% 62.70 2,060 13:30:59

UK's CMA Launches Investigation into APi Group's Planned Chubb Buy

18/10/2021 11:41am

Dow Jones News


Carrier Global (NYSE:CARR)
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By Ian Walker

 

The U.K. Competition and Markets Authority said Monday that it is investigating whether APi Group Corp.'s planned $3.1 billion acquisition of Chubb Ltd. will lead to a "substantial lessening of competition" within its markets.

The regulator has invited comments from interested parties on the deal ahead of a further investigation. It has set a deadline for comments by Nov. 1, and a deadline of Dec. 13 for its phase 1 decision.

APi--a provider of safety, specialty and industrial services--said on July 27 that it had agreed to buy Carrier Global Corp.'s Chubb Fire & Security business.

 

Write to Ian Walker at ian.walker@wsj.com

 

(END) Dow Jones Newswires

October 18, 2021 06:26 ET (10:26 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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