Johnson Matthey shares pop 30% after $2.4 bln unit sale deal

ReutersMay 22, 2025 7:17 AM

May 22 (Reuters) - Johnson Matthey JMAT.L shares jumped over 30% in London on Thursday, after the chemicals firm struck a $2.4 billion deal to sell its Catalyst Technologies division to Honeywell HON.O.

By 0711 GMT, Johnson Matthey was up 32%, set for its biggest one-day gain on record. The British company said it expected net proceeds of approximately 1.6 billion pounds - 88% of which will be returned to shareholders.

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