Honeywell (HON) to Acquire Air Products' LNG Process Business
HONHoneywell(HON) ZACKS·2024-07-11 23:41

Honeywell International Inc. (HON) has inked a deal to acquire Air Products and Chemicals, Inc.’s (APD) liquefied natural gas (LNG) process technology and equipment business for 1.81billionincash.ThismarksHoneywell’sfourthacquisitionannouncementsofarthisyear.HON’ssharesgained1.91.81 billion in cash. This marks Honeywell’s fourth acquisition announcement so far this year.HON’s shares gained 1.9% yesterday to eventually close the trading session at 214.49.Based in Pennsylvania, Air Products is engaged in producing atmospheric gases, process gases and specialty gases for customers in various industries, inc ...