Reported about 7 hours ago
Honeywell will separate its advanced materials business into a publicly traded entity as part of its strategy to enhance focus on aviation, automation, and energy transition. The unit, valued at $11 billion and expected to generate $3.7 billion to $3.9 billion in revenue for fiscal 2024, will operate independently with a management team yet to be named. The spin-off is projected to be completed by the end of next year or early 2026 and is anticipated to be tax-free for shareholders.
Source: YAHOO