-api group corporation to acquire chubb fire & security business for $3.1 billion-

New brighton, minn.--(business wire)---- $apg--api group corporation (the “company”) (nyse: apg) is pleased to announce that it has entered into a definitive agreement to acquire the chubb fire & security business (“chubb”) from carrier global corporation (nyse: carr) for an enterprise value of $3.1 billion, which is comprised of $2.9 billion cash and approximately $200 million of assumed liabilities and other adjustments. headquartered in the united kingdom, chubb has approximately 13,000 employees
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