The amendment reflects the unit's performance in the 2025-26 fiscal year
Honeywell announced a significant revision to its agreement to acquire Johnson Matthey's Catalyst Technologies business.
The total consideration was reduced from the original £1.8 billion to £1.325 billion.
The "long stop date" for completing the transaction was extended to July 21, 2026, with a potential further push to August 21 to clear regulatory hurdles.
The amendment reflects the unit's performance in the 2025-26 fiscal year, characterized by deferred licensing projects and lower catalyst supply profitability.
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