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 Announces Three-Way Split, Stock Falls
Honeywell International, the storied conglomerate which launched a strategic review early last year, announced plans Thursday to split into three independent companies.
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.
Flightglobal1d
‘Conglomerates are out’: How Honeywell’s break up plan could revive aerospace business
Analysts think Honeywell's decision to spin its aerospace division into a new standalone company could be a recipe to fix a ...
Marketplace19h
Like GE before it, Honeywell will spin off its aerospace unit to meet soaring demand
Honeywell is following the conglomerate breakup of GE. Because of Boeing and Airbus backlogs, the sky could be the limit for ...
Tuoi Tre news1h
Thai conglomerate SCG earns $1.4 billion in revenue from Vietnam
This marks a 15-percent increase compared to 2023, largely driven by the operations of Long Son Petrochemicals Company Limited ...
Providence Business News1d
Honeywell will split into three companies
Honeywell International Inc., one of the last remaining U.S. industrial conglomerates, will split into three independent ...
Aviation Week23h
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 ...