Carrier Eyes Quick Sale of Industrial Alarm Business (Correct)

Carrier Global Corp. is eyeing the sale of its industrial fire alarm business as soon as the end of this quarter and plans to sell or spin off the commercial and residential alarm business as well, according to Chief Executive Officer David Gitlin.

The Palm Beach Gardens, Florida-based company is in talks with “a number of potential buyers” for the industrial alarm operations, David Gitlin said Tuesday in an interview with Bloomberg Television.

The sale of the commercial and residential business would represent a change from September, when Bloomberg News reported that Carrier was exploring a public stock listing ...