Praxair Inks Purchase Deal with Honeywell Unit; Praxair Slightly Higher, Honeywell Slightly Lower

By Staff,

Shutterstock photo

Shares of Praxair, Inc. ( PX ) edged up 0.15% at $107.18 and touched a day high $107.76 after it announced it signed a 15-year agreement with Honeywell Resins & Chemicals ( HON ) for the purchase of carbon dioxide.

The plant, which is scheduled to start in Q3 2013, is expected to produce 450 tons per day which will be used primarily in food freezing and processing as well as beverage applications.

PX trades in a 52-week range of $89.75 - $116.93; shares have increased 13% in the last 12 months. HON is down 0.18% at $59.79, shy of the year high of $62.00. Shares have increased 44% in the last 12 months.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: HON , PX

More from MT Newswires


MT Newswires

MT Newswires

Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by