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$GTX $HON
🕒 чт, 17 сент. 2020 г., 20:35:52 MSK
Garrett Motion considering bankruptcy over asbestos overhang, WSJ reports
Auto-parts manufacturer Garrett Motion (GTX) is preparing for a possible bankruptcy filing as tensions rise with former parent Honeywell International (HON) over asbestos injury payments and as sales have slumped during the COVID-19 pandemic, The Wall Street Journal's Soma Biswas and Alexander Gladstone report, citing people familiar with the matter. The company is in discussions with creditors and considering filing for bankruptcy within weeks, though talks are fluid and no decision has been reached, sources said.