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Why Did Honeywell Stock Just Drop?

TheMotleyFool

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Why Did Honeywell Stock Just Drop?Photo, wide shot, wide-angle lens, Conglomerate, Midday, harsh overhead sunlight, directional sunlightt, photo by Ansel Adams: https://img.theapi.app/temp/95f18fed-a4d6-4069-b489-4d050c74c618.png

Honeywell (NASDAQ: HON) stock slipped 3.8% through 2:50 p.m. ET Friday after announcing it will pay off about $7.6 billion worth of its dollar- and euro-denominated debt.

Honeywell had earlier offered to repurchase debt through a tender offer. Today's news concerns the result of that tender offer.

Image source: Getty Images.

Source Fool.com