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Honeywell To Spin Off Advanced Materials Business
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 Plans Spinoff of Advanced Materials Unit
Honeywell shares are rising in premarket trading after the conglomerate said it plans to spin off its Advanced Materials division as it joins its peers in pursuing a more focused strategy.
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 Kapur's strategy to streamline operations around aviation, automation, and energy transition.
19m
on MSN
These Stocks Are Moving the Most Today: Super Micro, Alibaba, Las Vegas Sands, PepsiCo, Qualcomm, Honeywell, and More
Super Micro Computer extends gains after rising 16% on Monday, U.S.-listed shares of Chinese companies tumble on Beijing’s ...
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.
1h
on MSN
Honeywell Stock Is Rising on Spinoff Announcement
Industrial firm Honeywell plans to spin off its advanced-materials business to shareholders. The separation should be ...
GovCon Wire
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 ...
Hosted on MSN
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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