Honeywell To Pay $1.32B To End Funding Obligation For NARCO Asbestos Trust

( November 22, 2022, 11:35 AM EST) -- PITTSBURGH — Honeywell International Inc. said in recent Securities and Exchange Commission filings that it will pay $1.32 billion to the asbestos trust of affiliate North American Refractories Co. (NARCO) to bring an end to its commitment to fund the trust, which was created in NARCO’s Chapter 11 case in Pennsylvania federal bankruptcy court....