Phoenix-based Honeywell Aerospace to go its own way amid company split
An activist investor's dream scenario has come to fruition with Honeywell's decision to break up the company. Here's how it will affect workers in Phoenix.
Honeywell to pursue three-way company split
The industry giant announced its intent to separate its Aerospace and Automation businesses alongside an Advanced Materials offering.
Honeywell Stock Is at the Bottom Of the Dow After Split News
Honeywell is the worst Dow Jones stock Thursday as the industrial conglomerate's weak outlook offsets news that it is splitting into three separate companies.
Honeywell Details Plan To Split After Activist Push
Honeywell International’s future as an industrial conglomerate all but ended in November 2024 when Elliott Investment Manager made the company its latest shakeup target. Now, Honeywell has made it official: It will follow the path of General Electric and United Technologies Corp. and split into different parts.
Honeywell, One of the Few Remaining US Industrial Conglomerates, Will Split Into Three 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 to split into three companies in an effort to boost stock returns
Shares of Honeywell International Inc. dropped Thursday after the multinational conglomerate announced a plan to split itself into three independent companies in an effort to boost shareholder returns,
Honeywell Confirms Plan to Split Into Three Companies
Honeywell (HON) stock fell today after the technology and manufacturing company announced its intention to split into three businesses. It will
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.
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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Honeywell jumps after activist Elliott takes $5B stake, pushes for breakup (update)
Update 9am: Adds Elliott confirmation, letter. Honeywell (HON) soared 6.4% in premarket trading after activist investor Elliott Investment Management accumulated a more than $5 billion stake ...
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Honeywell to split in three after pressure from activist investor
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 ...
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Honeywell Is the Best Dow Jones Stock After Elliott Discloses a Stake
"The conglomerate structure that once suited Honeywell no longer does, and the time has come to embrace simplification," Elliott said in a letter to Honeywell. It believes Honeywell should ...
What's Next For HON Stock?
Honeywell (NYSE: HON) recently released its Q4 results, with revenues and earnings exceeding the street estimates.
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Honeywell, one of few remaining industrial conglomerates, to split into 3 companies
Honeywell had said in December that it was considering spinning off its aerospace division. The public announcement arrived about one month after Elliott Investment Management revealed a stake of ...
Reuters3d
Honeywell to break up in latest corporate split after pressure from activist investor
Despite several smaller moves, Elliott, whose stake in Honeywell is its largest single investment, argued the company needed to split. Honeywell attracted the activist investor's attention as ...
The Gazette3d
Honeywell to split into three after pressure from activist investor
(Reuters) -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 ...