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-7.49138490736392E-05 -2.4971283024641E-05 -4.99425660491401E-05 -0.000549368226539548 -0.000249712830245275 0.00199770264196163 0.00199770264196163 0.00199770264196163
Stock impact report

NVent Electric Is Mulling $1.5 Billion Cable Business Sale [BNN Bloomberg (Canada)]

Honeywell International Inc. (HON) 
Last honeywell international inc. earnings: 5/1 06:30 am Check Earnings Report
US:NYSE Investor Relations: investor.honeywell.com
Company Research Source: BNN Bloomberg
The company is working with an adviser to run an auction process for the division, said the people, who asked not to be identified because they weren't authorized to speak publicly. The business is expected to attract interest primarily from private equity firms, though no final decision has been made and nVent may elect to keep the business, the people said. A representative for nVent declined to comment. A sale would be the latest example of industrial conglomerates looking to unload assets as buyers become more comfortable with high interest rates and economic uncertainty. Honeywell International Inc. is currently looking to sell its PPE business, while Johnson Controls is in the process of divesting a number of its HVAC assets, Bloomberg previously reported. The nVent unit's primary brand is Raychem, which includes cables for uses ranging from safety and heating to skin-effect tracing, according to the company's website. NVent was created via the spin off of Pentair Plc's e Show less Read more
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