Honeywell (HON) to Acquire CAES for $1.9B Cash
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BofA Securities Reiterates Buy Rating on Honeywell International (HON)
June 21, 2024 5:33 AM EDTBofA Securities analyst Andrew Obin reiterated a Buy rating and $250.00 price target on Honeywell International (NASDAQ: HON)
The analyst comments "On 6/20, Honeywell announced it would acquire CAES from Advent International for $1.9bn. The all-cash transaction values CAES at 14x 2024E EV/EBITDA on a... More
Honeywell agrees to buy CAES Systems for $1.9 billion
June 20, 2024 8:05 AM EDTHoneywell (NASDAQ: HON) announced on Thursday it has reached an agreement to acquire CAES Systems, a leading aerospace and defense technology company, for $1.9 billion from Advent International.
This acquisition, an all-cash deal, marks Honeywell's second recent move to improve its aerospace technologies... More
