Honeywell is considering the sale of its personal protective equipment unit amid waning demand post-pandemic, Bloomberg’s Kiel Porter reports. The company is working with an adviser to explore strategic options for the business, including a sale that could value the unit at more than $2B, people familiar with the matter say. Private equity firms are likely to be interested in the business, which Honeywell previously weighed selling in 2020.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HON:
- Honeywell to acquire Civitanavi Systems for EUR 6.30 per share in cash
- Honeywell Secures New Credit Agreements for Corporate Flexibility
- Nvidia initiated, Target upgraded: Wall Street’s top analyst calls
- Honeywell upgraded on ‘powerful compounding effect’ at Berenberg
- Honeywell upgraded to Buy from Hold at Berenberg