#Latest news with #activistShareholdersDaily Mail22-05-2025BusinessDaily MailJohnson Matthey shares soar as the chemicals giant announces the sale of its technologies businessJohnson Matthey shares soared by nearly a third after it announced the sale of its technologies business. In a welcome boost for investors, the chemicals giant promised to return £1.4billion to shareholders after announcing the sale. Its Catalyst Technologies arm will be sold to US conglomerate Honeywell for £1.8billion. Shares rocketed 30.7 per cent. Johnson Matthey's value plunged by 75 per cent from a pre-Covid high to a valuation of £2.3billion this week. It is streamlining after coming under pressure from activist shareholders, including largest shareholder Standard Industries.
Daily Mail22-05-2025BusinessDaily MailJohnson Matthey shares soar as the chemicals giant announces the sale of its technologies businessJohnson Matthey shares soared by nearly a third after it announced the sale of its technologies business. In a welcome boost for investors, the chemicals giant promised to return £1.4billion to shareholders after announcing the sale. Its Catalyst Technologies arm will be sold to US conglomerate Honeywell for £1.8billion. Shares rocketed 30.7 per cent. Johnson Matthey's value plunged by 75 per cent from a pre-Covid high to a valuation of £2.3billion this week. It is streamlining after coming under pressure from activist shareholders, including largest shareholder Standard Industries.
22-05-2025
