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Honeywell To Spin Off Advanced Materials Business
Honeywell Stock Is Rising on Spinoff Announcement
Industrial firm Honeywell plans to spin off its advanced-materials business to shareholders. The separation should be complete by the end of 2025 or early 2026.
Honeywell to Spin off Advanced Materials Business
Honeywell's new CEO Vimal Kapur has been streamlining the company's portfolio over the past few years to shift focus toward its aviation, automation and energy segments. The advanced materials business accounted for 10% of Honeywell's total sales of $36.66 billion last year.
Honeywell looks to spin off advanced materials unit: WSJ
Multinational conglomerate Honeywell International (HON) is seeking to spin off its advanced materials segment by 2026, according to the Wall Street Journal, and valuing the unit at over $10 billion.
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Honeywell to spin off advanced materials unit in CEO's growth push
Honeywell will spin off its advanced materials unit into a publicly traded company, the U.S. conglomerate said on Tuesday, ...
3h
Honeywell Seeks To Simplify Structure, Boost Flexibility With $10B Spin-Off Of Advanced Materials Unit
Honeywell is reportedly spinning off its advanced materials division, valued at over $10 billion, as part of CEO Vimal ...
2h
Honeywell, Super Micro Computer rise premarket; PepsiCo slips
PepsiCo (NASDAQ: PEP) stock fell 1.2% after the soft drinks giant reported third-quarter earnings that beat analyst ...
17h
Honeywell International Inc. stock outperforms competitors despite losses on the day
Honeywell International Inc. closed $17.46 below its 52-week high ($220.79), which the company reached on July 18th.
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1d
Honeywell Names Tony Mitchell as Acting CTO for EDS Division
At CAES, Tony Mitchell coordinated independent research and development projects and partnerships with large prime defense ...
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6d
Honeywell completes $1.81bn buyout of Air Products’ LNG division
The acquisition brings approximately 475 employees into Honeywell's fold, bolstering its capabilities in driving energy ...
6d
on MSN
Honeywell, Chevron to team up for AI breakthrough in refining processes
Honeywell (NASDAQ:HON) and Chevron (CVX) unveiled a collaboration Tuesday aimed at enhancing refining operations with ...
19h
Perseus Group Acquires Honeywell’s Exclusive Global License, OptiVision, for the Pulp and Paper Industry
Perseus Group ("Perseus"), an operating group of Constellation Software Inc. ("Constellation"), today announced that it has ...
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