Air Products announced it has completed the sale of its liquefied natural gas, LNG, process technology and equipment business to Honeywell for $1.81 billion in cash. First announced in July 2024, closing conditions for the transaction have been fully met and regulatory approvals received. The divestiture of the LNG process technology and equipment business is strategic, reflecting Air Products’ firm focus on its two-pillar growth strategy to profitably grow its core industrial gases and related equipment businesses, and to deliver clean hydrogen at scale.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on APD:
- Air Products, Tatung Forever Energy sign 10-year power purchase agreement
- Seaport Research chemicals analyst holds an analyst/industry conference call
- Air Products price target raised to $323 from $300 at BMO Capital
- Air Products price target raised to $295 from $290 at Barclays
- Early notable gainers among liquid option names on August 1st