Honeywell to Split Into Three Independent Companies
Honeywell International (HON) is preparing to split into three independent companies, according to a report by the Wall Street Journal on Thursday. The move would separate the company's aerospace division from its automation business and spin off its advanced materials arm.
The news sent Honeywell shares up 4% before the bell on Thursday. The company is expected to provide a portfolio update along with its fourth-quarter earnings later in the day.
Honeywell has not yet officially commented on the report.