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Honeywell to break up in latest corporate split after pressure from activist investor
Honeywell to break up in latest corporate split after pressure from activist investor
By Utkarsh Shetti
February 6, 2025 11:45 AM EST • Updated an hour ago
Summary
• Honeywell to separate aerospace and automation units
• Company had earlier announced it would spin off advanced materials business
• Shares down after 2025 profit and sales forecasts miss expectations
Feb 6 (Reuters) - Honeywell (HON.O), opens new tab is splitting 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 shares fell nearly 4% after the company forecast downbeat 2025 results and some experts suggested gains from the separation could take time to materialize.
The company said on Thursday it would separate its aerospace and automation businesses into separate entities, alongside its previously announced spin-off of the advanced materials unit.
{snip}
By Utkarsh Shetti
February 6, 2025 11:45 AM EST • Updated an hour ago
Summary
• Honeywell to separate aerospace and automation units
• Company had earlier announced it would spin off advanced materials business
• Shares down after 2025 profit and sales forecasts miss expectations
Feb 6 (Reuters) - Honeywell (HON.O), opens new tab is splitting 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 shares fell nearly 4% after the company forecast downbeat 2025 results and some experts suggested gains from the separation could take time to materialize.
The company said on Thursday it would separate its aerospace and automation businesses into separate entities, alongside its previously announced spin-off of the advanced materials unit.
{snip}