Honeywell Is Said to Cut Price for Johnson Matthey’s Catalyst

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Honeywell International Inc. secured an agreement to cut the price of its acquisition of Johnson Matthey Plc’s Catalyst Technologies to salvage the deal, people familiar with the matter said.The industrials conglomerate, which was considering walking away from the transaction, reached a last-minute agreement to pay about £1.325 billion ($1.79 billion) for the business, according to the people, who asked not to be named because the information is private.