Honeywell Stock Hits All-time High as It Weighs Aerospace-unit Sale

MarketWatch11:32

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.

Gelonghui Finance09:05

Quantum Computing surged by 65% overnight! Has quantum computing ushered in the 'OpenAI moment'?

After Google announced the launch of the significant quantum chip Willow last week, Stocks related to quantum computing have received a lot of attention recently.

Zhitong Finance08:10

US Equities Markets End Mixed Monday Ahead of Fed Policy Rate Decision

MT Newswires05:00

BofA Securities Maintains Honeywell(HON.US) With Hold Rating, Maintains Target Price $240

Futu News03:31 · Ratings

Equities Mostly Rise Intraday as Markets Await This Week's Fed Decision

MT Newswires03:12