Carrier acquisition expected to close by end of Q3, Toshiba to retain 5% stake

The Toshiba Carrier acquisition is expected to close by end of Q3 subject to regulatory approvals; Toshiba retains a 5% stake and Carrier will consolidate over $2 billion in revenue.

“The acquisition is expected to close by the end of Q3, subject to customary closing conditions, including regulatory approvals. Upon closing, Toshiba will retain a 5% ownership stake in TCC, and Carrier will consolidate over”

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.