Shares in chemicals firm Johnson Matthey (JMAT) slid 14% to £19.70 after Honeywell (HON) cut its offer for JM’s catalyst unit. The two companies also extended the ‘long stop’ date to get the deal done from 21 February to 21 July. Share price: £19.70 (-14%) PE: n/a Maket cap: £3.28bn Yield: 4% Lower capital returns … Continue reading Johnson Matthey slumps after Honeywell slashes offer