2024-07-10 15:10:38 ET
Summary
- Honeywell International has agreed to acquire Air Product's LNG unit for $1.8B, aiming to capitalize on the growing LNG market.
- The acquisition is expected to be immediately accretive to Honeywell's sales growth and margins, particularly benefiting from the demand in data center cooling.
- Despite the potential growth opportunities, I maintain a hold rating on HON, awaiting more information on the impact of the acquisitions on the company's operations.
Introduction
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For further details see:
Honeywell: The LNG Acquisition Is A Good Move, But I Need More Information