Wells Fargo Maintains Honeywell(HON.US) With Hold Rating, Maintains Target Price $254
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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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Barclays Maintains Honeywell(HON.US) With Buy Rating, Maintains Target Price $252
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Honeywell (HON.US) sells its personal protective equipment business for 1.3 billion US dollars.
Honeywell (HON.US) announced on Friday that it has agreed to sell its personal protective equipment division for approximately 1.3 billion US dollars as part of a business restructuring. Under the agreement, the private equity firm Odyssey Investment Partners' portfolio company, Protective Industrial Products, will acquire Honeywell's business in an all-cash transaction. The trade is expected to be completed in the first half of next year.
Honeywell to Sell Personal Protective Equipment Unit for $1.33B
Honeywell Says It Has Agreed To Sell Its Personal Protective Equipment Business To Protective Industrial Products, Inc, A Portfolio Company Of Odyssey Investment Partners, For $1.325B In An All-cash Transaction
Protective Industrial Products, Inc. to Acquire Honeywell's Personal Protective Equipment Business
Express News | Honeywell International Inc - Transaction Expected to Be Completed in First Half of 2025
Express News | Honeywell to Sell Personal Protective Equipment Business to Protective Industrial Products
HONEYWELL to SELL PERSONAL PROTECTIVE EQUIPMENT BUSINESS to PROTECTIVE INDUSTRIAL PRODUCTS
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