01:30 PM EDT, 04/02/2024 (MT Newswires) -- Honeywell International ( HON ) is exploring a sale of its personal protective equipment unit that could value the business at over $2 billion, Bloomberg reported Tuesday, citing unnamed sources.

Working with an adviser, the company is looking into strategic options for the unit amid falling post-pandemic demand and a realignment of the company's products, the report said.

Honeywell ( HON ) didn't immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 200.36, Change: -1.65, Percent Change: -0.82