01:45 PM EDT, 04/02/2024 (MT Newswires) -- (Updates to add Honeywell International's ( HON ) response in the third paragraph.)

Honeywell International ( HON ) is exploring a sale of its personal protective equipment unit that may 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 corporate products, the report said.

Honeywell ( HON ) declined MT Newswires' request for comment.

(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.)

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