Story perspectives

Honeywell Lowers Bid for Johnson Matthey to £1.325 Billion

2/23/2026

Summary

Story summary

Honeywell International Inc. amended its acquisition of Johnson Matthey Plc’s Catalyst Technologies, reducing the price to £1.325 billion ($1.79 billion) from £1.8 billion.
The approvals deadline extended to July 21, with a potential extension to August 21.
Johnson Matthey plans to return about £1 billion of net proceeds to shareholders, including £800 million as a special dividend.
Honeywell previously considered abandoning the acquisition due to regulatory concerns.

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Story summary

Honeywell International Inc. amended its acquisition of Johnson Matthey Plc’s Catalyst Technologies, reducing the price to £1.325 billion ($1.79 billion) from £1.8 billion.
The approvals deadline extended to July 21, with a potential extension to August 21.
Johnson Matthey plans to return about £1 billion of net proceeds to shareholders, including £800 million as a special dividend.
Honeywell previously considered abandoning the acquisition due to regulatory concerns.