Honeywell International has amended its agreement to acquire Johnson Matthey’s Catalyst Technologies business, significantly reducing the purchase price and extending the closing deadline. This revised deal is expected to be financially accretive and supports Honeywell’s growth strategies in catalysts and renewable fuels. The company aims to integrate the new business while continuing to focus on higher value-add technologies and maintaining a strong balance sheet for investors.
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Honeywell Resets Catalyst Deal Terms And Timeline While Targeting EPS Growth
Honeywell International has amended its agreement to acquire Johnson Matthey’s Catalyst Technologies business, significantly reducing the purchase price and extending the closing deadline. This revised deal is expected to be financially accretive and supports Honeywell’s growth strategies in catalysts and renewable fuels. The company aims to integrate the new business while continuing to focus on higher value-add technologies and maintaining a strong balance sheet for investors.