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Honeywell International Inc. is reconsidering its planned acquisition of Johnson Matthey Plc's Catalyst Technologies business for £1.8 billion ($2.4 billion). Concerns over regulatory approvals and business milestones have led Honeywell to evaluate the deal, with a final decision anticipated in the coming days.

The acquisition, announced in May 2025, aligns with Honeywell's strategy in clean energy and automation. For Johnson Matthey, the sale is crucial for its restructuring focus on clean air technologies. The outcome may significantly affect both companies' market positions and future strategies.