Johnson Matthey agrees to reduced $1.8 billion sale of catalyst division to Honeywell

Group 1 - Johnson Matthey has agreed to sell its catalyst technologies business to Honeywell for a reduced price of £1.33 billion ($1.80 billion), down from the previously agreed value of £1.8 billion [1] - The transaction reflects a significant adjustment in valuation, indicating potential shifts in market conditions or company performance [1] Group 2 - The sale is part of Johnson Matthey's strategic focus on its core operations and may impact its future growth trajectory [1] - Honeywell's acquisition of the catalyst division is expected to enhance its portfolio in the chemicals sector, aligning with its growth strategy [1]