Brief: Johnson Matthey To Buy Cormetech For Enterprise Value Of $360 Million Payable In Cash
28/05/2026 07:33
BRIEF-Johnson Matthey To Buy Cormetech For Enterprise Value Of $360 Million Payable In Cash May 28 (Reuters) - Johnson Matthey PLC JMAT.L:
JOHNSON MATTHEY PLC - JOHNSON MATTHEY ACQUISITION OF CORMETECH
JOHNSON MATTHEY - ANNOUNCES AGREEMENT TO BUY CORMETECH
JOHNSON MATTHEY - JM TO BUY CORMETECH FOR ENTERPRISE VALUE OF $360 MILLION PAYABLE IN CASH
JOHNSON MATTHEY - ADDITIONAL EARN-OUT OF UP TO $100 MILLION MAY BE PAYABLE IN 2028 AND 2029
JOHNSON MATTHEY - JM TO RETURN £1 BILLION NET SALE PROCEEDS TO SHAREHOLDERS AFTER CATALYST TECHNOLOGIES SALE TO HONEYWELL
JOHNSON MATTHEY - JM EXPECTS ANNUALISED SUSTAINABLE FREE CASH FLOW OF AT LEAST £250 MILLION BY 2027/28
Source text: ID:nRSb9568Fa
Further company coverage: JMAT.L
((Reuters.Briefs@thomsonreuters.com;))
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