Johnson Matthey Accepts 26% Price Cut on Honeywell Deal as ...

Honeywell Slashes Price in Deal for Johnson Matthey’s Catalyst

Honeywell International Inc. has slashed its price to acquire Johnson Matthey Plc’s Catalyst Technologies in a move to save the deal from falling apart.

Johnson Matthey accepts 26% price cut on Honeywell deal as ...

Johnson Matthey cuts sale price of CT division by over a quarter to £1.3bn

Johnson had originally struck a deal in May to sell its CT arm to Honeywell for £1.8 billion including debts.

Honeywell Enters Into Amended Agreement to Acquire Johnson Matthey's Catalyst Technologies Business

Total consideration adjusted to £1.325 billion, long stop date extended to accommodate outstanding transaction requirements

H2-View News: JM cuts Catalyst Technologies’ sale price by 26% after antitrust hold up

The UK technology group and US conglomerate agreed to extend the long stop date of the transaction from 21 February to 21 July 2026, with an option to extend it further to 21 August 2026. The delay is related to outstanding antitrust approval. JM did not indicate any specific regulatory concerns. However, as part of the revised terms, JM has agreed to reduce the sale price of the Catalyst Technologies business to £1.325bn ($1.785bn) on a cash an…