Honeywell International Inc. Splitting into Three Independent Companies
Honeywell International Inc. plans to split into three independent companies, following investor pressure for a leaner corporate structure. The breakup is expected to be completed in phases by early 2025 and the latter half of 2026.
Key Points
- Pressure from investors led to the decision to split
- Strategic overhaul by CEO Vimal Kapur since mid-2023
- Company's history of mergers and expansions shaping it into an industrial powerhouse
- Trend of industrial giants breaking up for more specialized firms
Pros
- Tailored growth strategies for each independent company
- Unlocking significant value for shareholders and customers
Cons
- Stock market reaction with Honeywell shares falling nearly 5.6 percent