Honeywell will sell its personal protective equipment business for approximately $1.33 billion.
Gelonghui November 25th | Honeywell announced last week that it will sell its personal protective equipment (PPE) business to the American protective equipment company Protective Industrial Products for approximately 1.33 billion cash, in order to further streamline its operations. After activist investor Elliott Investment acquired over 5 billion usa dollars' worth of Honeywell shares, the possibility of selling the PPE business was disclosed. Since taking office last year, Honeywell CEO Vimal Kapur has been committed to adjusting the company's investment portfolio to adapt to the automatic
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