Honeywell reportedly splitting into three companies. Shares are surging.

Dow Jones

Feb 06, 2025

MW Honeywell reportedly splitting into three companies. Shares are surging.

By Barbara Kollmeyer

Shares of Honeywell International Inc. climbed on Thursday, after a report that the multinational conglomerate planned to split itself into three independent companies.

Honeywell will spin off its aerospace unit from its automation business and make its advanced-material arm a separate company, sources told the Wall Street Journal. Shares of Honeywell $(HON)$ rose 4.4% in premarket trading.

Honeywell announced plans to spin off the latter last October. In November, activist investor Elliott Investment Management disclosed a $5 billion stake in the company, urging it to break in two - one serving aerospace and the other automation. Weeks later, the company said it was looking at spinning off the aerospace unit.

-Barbara Kollmeyer

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

February 06, 2025 05:42 ET (10:42 GMT)

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