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Honeywell Newsroom
Honeywell Stock Hits All-time High as It Weighs Aerospace-unit Sale
Honeywell is considering spinning off its aerospace business for independent listing.
On December 17, Glonghui reported that Honeywell, a diversified Industrial Conglomerates in the USA, is considering spinning off its aerospace Business for independent listing in response to activist investor Elliott's demands. After Elliott disclosed that it holds about 5 billion USD worth of Honeywell shares last month, it proposed the suggestion that the company should split. Honeywell announced on Monday that it will conduct a comprehensive evaluation of its Business, with possible options including the spin-off of the aerospace Business. The group expects to provide more detailed information when it announces its fourth-quarter results early next year. Vimal Kapur has been working to reorganize the company since taking over as CEO of Honeywell last year, focusing on core Business development.
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