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 to split into 3 companies after Elliott Management takes $5 bn stakeHoneywell said it would separate its aerospace and automation businesses into separate entities, alongside its previously ...
The aerospace division is Honeywell's biggest and best standalone business. It generated over $15 billion in annual sales with margins of 26%. It counts both Boeing (BA) and Airbus (EADSY) as ...
Honeywell is following the conglomerate breakup of GE. Because of Boeing and Airbus backlogs, the sky could be the limit for ...
US industrial conglomerate Honeywell to spin off its aerospace and automation businesses at the behest of activist investors ...
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Unclear what Honeywell's split will mean for Charlotte HQHoneywell, the industrial conglomerate that moved its headquarters to Charlotte from New Jersey in 2019, is splitting into ...
In calling for the breakup late last year, Elliott pointed to the runaway success of General Electric since it completed a ...
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