IN BRIEF: Johnson Matthey completes sale of Catalyst to Honeywell
Johnson Matthey PLC - London-based speciality chemicals maker - Completes the sale of its Catalyst Technologies business to Honeywell International Inc, for an enterprise value of GBP1.33 billion on a cash and debt-free basis. Company announced the receipt of final regulatory approval for the deal, from the State Administration for Market Regulation in China, on July 3. At the time, it said it expected completion no later than the end of August. Also on Friday, Johnson Matthey confirms its intention to return GBP1 billion of the net sale proceeds to its shareholders. This will comprise GBP800 million through a special dividend with share consolidation, which it expects to pay in the third quarter of 2026, and GBP200 million through an on-market share buyback programme following the dividend payment. Read More