Honeywell Details Plan To Split After Activist Push
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Honeywell, one of the few remaining US industrial conglomerates, will split into three companies
NEW YORK — Honeywell, one of the last remaining U.S. industrial conglomerates, will split into three independent companies, following in the footsteps of manufacturing giants like General Electric and Alcoa. The company said Feb. 6 that it will separate from its automation and aerospace technologies businesses.
Honeywell to break up in latest corporate split after pressure from activist investor
Honeywell 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.
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Honeywell International Inc., a prominent American conglomerate, is reportedly considering divesting its aerospace division.
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