Honeywell, one of few remaining industrial conglomerates, to split into 3 companies
Honeywell plans to separate its automation and aerospace technologies businesses from the U.S. industrial conglomerate, following similar actions by companies such as General Electric and Alcoa
Honeywell split will break up one of last American conglomerates
"The decision to create three independent, public companies means more career opportunities as we will need outstanding teams to set each company up for success."
In major move, Honeywell to split into three companies. Not all will remain in Charlotte.
Honeywell is separating into three publicly traded companies, the Charlotte-based conglomerate said Thursday. Only one will stay in Charlotte. Honeywell will spin off its automation and aerospace tech businesses. The separations are expected to be completed by the second half of 2026, Honeywell said.
Honeywell to split into three independently listed companies in latest corporate breakup
Honeywell said on Thursday it will split into three independently listed companies, breaking up one of America's last standing conglomerates just months after activist investor Elliott Management took a $5 billion stake in the industrial giant.
Why is Honeywell splitting into three companies?
Honeywell, one of the last remaining US industrial conglomerates, announced on Thursday that it will split into three independently listed companies.
Honeywell Splits Up: A New Era for Industrial Conglomerate
Honeywell is set to split into three independent companies, following similar moves by other industrial giants. The North Carolina-based firm will separate its automation and aerospace technologies, along with advanced materials,
Industrial giant Honeywell announces split into 3 companies after investor pressure
Honeywell, one of the last remaining American industrial giants, announced it will split into three companies Thursday after investor pressure.
Honeywell to split in three after pressure from activist investor
Honeywell said it will split into three companies. The aerospace giant said it will separate its aerospace, automation and advanced materials units into distinct entities in 2026.
Honeywell announces three-way split
Honeywell shares were up 5 per cent in pre-market trading in New York. The break-up announcement comes after pressure last year from Elliott, which had called on Honeywell to end its conglomerate structure and split itself into two.
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