Honeywell (HON) is preparing to split into three independent companies following similar moves by GE (GE) and others, The Wall Street Journal’s Lauren Thomas and Sharon Terlep report, citing people familiar with the matter. Honeywell plans to separate its aerospace division from its automation business and move ahead with plans to spin off its advanced materials arm, the Journal reported. The moves are the culmination of a portfolio review that Honeywell’s board and CEO Vimal Kapur launched about a year ago and as the company has come under pressure from activist investor Elliott Investor Management.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HON:
- Notable companies reporting before tomorrow’s open
- 3 Best Quantum Computing Stocks to Buy Now, Based on Technical Indicators – 2/4/2025
- HON Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Quantum Leap: SoftBank and Quantinuum seek AI, quantum computing fusion in pact
- SoftBank, Quantinuum announce quantum computing partnership