Tag: VIMAL KAPUR
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Honeywell Plans Split into Three Public Companies Following Investor Pressure
Honeywell will split into three separate companies: Honeywell Automation, Honeywell Aerospace, and Advanced Materials, following pressure from activist investor Elliott Management. The separation is expected to be tax-free for shareholders and completed by 2026, with a focus on enhancing growth strategies and maximizing shareholder value. This move arises after Honeywell’s stock underperformed in comparison to…