Honeywell to split into 3 companies after Elliott Management takes $5 bn stake
Honeywell said it would separate its aerospace and automation businesses into separate entities, alongside its previously announced spin-off of the advanced materials unit
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, 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 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.
Honeywell to split into three companies after investor push
The action comes after Honeywell announced in December it would consider the separation after calls to do so in November from Elliott Investment Management. The separation is expected to be completed in the second half of 2026.
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