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Honeywell International Inc. is reconsidering its £1.8 billion ($2.4 billion) acquisition of Johnson Matthey's Catalyst Technologies due to concerns over regulatory approvals and business milestones. A decision could be made soon, but negotiations may continue.

The deal, initially announced in May 2025, is significant for both companies, with Johnson Matthey aiming to restructure around clean air technologies. The outcome will impact both firms' strategies in the industrial and clean energy sectors.