Honeywell Plans To Spin Off Its Advanced Materials Business Into An Independent, US Publicly Traded Company
Portfolio Pulse from Benzinga Newsdesk
Honeywell plans to spin off its Advanced Materials business into an independent, publicly traded company. The spin-off is expected to be tax-free for shareholders.
October 08, 2024 | 10:01 am
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Honeywell is planning to spin off its Advanced Materials business into an independent, publicly traded company. This move is expected to be tax-free for shareholders, potentially unlocking value and allowing Honeywell to focus on its core operations.
The spin-off of the Advanced Materials business could unlock value for Honeywell shareholders by allowing the company to focus on its core operations. The tax-free nature of the transaction is also beneficial for shareholders, potentially leading to a positive short-term impact on Honeywell's stock price.
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