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By Utkarsh Shetti (Reuters) -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 ...
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.
Honeywell stock fell over 4% early on Thursday as investors digested the news. For Kapur and Honeywell, the news is a defining moment. Kapur joined Honeywell in 1989, rising through the ranks of ...
But Elliott may view the stock as lagging behind the market, with businesses that overlap. Honeywell shares are up 75% in the past five years, compared to a 144% gain for the S&P 500.
Honeywell Aerospace: The company will be a "pure play aerospace" supplier. The aerospace unit is Honeywell's biggest revenue generator, accounting for about 40% of the company's total revenue in ...
A breakup will split the conglomerate in a way it hasn't seen before.
The activist firm Elliott Investment Management has written to Honeywell International's (NASDAQ: HON) board of directors arguing for the conglomerate's breakup. The move follows a period of ...
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