Reported about 3 hours ago
Honeywell International has announced plans to split its operations into three separate companies, following pressure from activist investors. This move is considered the culmination of a trend towards demerging that has been prevalent for over five years, with analysts highlighting that such separations can unlock value and address market preferences for specialized, simplified portfolios. Honeywell's decision reflects a shift in corporate strategy as the term 'conglomerate' becomes less favorable.
Source: YAHOO