Carrier Global Corp. is in advanced talks to acquire German industrial manufacturer Viessmann for about $13 billion including debt, according to people familiar with the matter.
A cash-and-stock deal could be announced as soon as this week, assuming the talks don’t break down, the people said. The move is part of a transformation under way at Carrier, which is also working on a plan to sell or spin off its Fire & Security business segment, The Wall Street Journal previously reported.
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