Honeywell to Break Up After Pressure From Activist Elliott
- Company plans to split aerospace and automation businesses
- Activist investor had taken large stake, called for breakup
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Honeywell International Inc. will split into separate publicly traded companies following pressure from an activist investor, the latest in a line of industrial conglomerates seeking a more streamlined portfolio.
The Charlotte, North Carolina-based company plans to separate its aerospace division from its automation business, while also proceeding with a previously planned spin-off of its advanced materials arm. The breakup process should be complete by the second half of 2026, Honeywell said Thursday in a statement as it also reported quarterly results.