May 22 (Reuters) - Johnson Matthey JMAT.L shares jumped over 30% in London on Thursday, after the chemicals firm struck a $2.4 billion deal to sell its Catalyst Technologies division to Honeywell HON.O.
By 0711 GMT, Johnson Matthey was up 32%, set for its biggest one-day gain on record. The British company said it expected net proceeds of approximately 1.6 billion pounds - 88% of which will be returned to shareholders.
(Reporting by Danilo Masoni; Editing by Amanda Cooper)
((Danilo.Masoni@TR.com; Reuters Messaging: danilo.masoni.thomsonreuters.com@reuters.net))
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