Honeywell to Buy Johnson Matthey's Catalyst Business for $2.4 Billion
Honeywell International Inc. agreed to buy Johnson Matthey Plc 's catalyst technology business for an enterprise value of about £1.8 billion ($2.4 billion) in cash.
Johnson Matthey announced the deal on Thursday amid an effort to streamline its business. The price represents a premium to the average analyst valuation of £945 million for the business, it said.
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