Honeywell International Inc. has amended its agreement to acquire Johnson Matthey Plc’s Catalyst Technologies, reducing the purchase price to £1.325 billion ($1.79 billion) and extending the deadline for approvals. The decision comes after Honeywell had considered abandoning the transaction, as confirmed in a statement on Monday via Bloomberg News.
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Honeywell Slashes Price in Deal for Johnson Matthey’s Catalyst
Honeywell International Inc. has amended its agreement to acquire Johnson Matthey Plc’s Catalyst Technologies, reducing the purchase price to £1.325 billion ($1.79 billion) and extending the deadline for approvals. The decision comes after Honeywell had considered abandoning the transaction, as confirmed in a statement on Monday via Bloomberg News.