May 22 (Reuters) - The following are the top stories in

the Financial Times. Reuters has not verified these stories and

does not vouch for their accuracy.

Headlines

- Honeywell ( HON ) close to securing Johnson Matthey ( JMPLF ) catalyst unit

in 1.8 billon STG deal

- Daniel Loeb's Third Point Investors in deal to create

London-listed insurer

- UK weighs bill to wipe out debts British Steel owes to

Chinese parent

- UK set to sign Chagos Islands deal with Mauritius

Overview

- U.S. industrial conglomerate Honeywell ( HON ) is nearing

an 1.8 billion pounds($2.42 billion) all-cash deal to acquire

the Catalyst Technologies division of Britain's Johnson

Matthey's ( JMPLF ).

- Billionaire activist Daniel Loeb's Third Point Investors

plans to acquire a Cayman Islands-based Malibu Life

Reinsurance, in a move that would lead to the creation of a new

London-listed insurer for the first time since 2020.

- British ministers have discussed using new legislation to

wipe out British Steel's debts of close to 1 billion pounds

($1.34 billion), according to Whitehall figures.

- Britain is set to sign a controversial deal to hand over

the Chagos Islands to Mauritius as soon as Thursday, according

to people familiar with the matter.

($1 = 0.7449 pounds)

(Compiled by Bengaluru newsroom)