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Written by Okkarsti
(Reuters) -Honiswell said on Thursday that it will be divided into three companies listed independently, as it dismantled one of the last permanent blocs in America just months after the activist Elliot’s investor acquired a share of $ 5 billion in the industrial giant.
However, Haniole’s shares decreased by nearly 5 % in the pre -market trade, prompting early gains after the company expected sales of mitigation and profit for 2025.
The company said that it will separate airlines and automation companies in separate entities, in addition to the offer that was previously announced to the advanced material unit.
The industrial and space giant was on the boom of making deals under the leadership of the Vimal Kapur CEO, as it holds assets that do not focus on the aviation, automation and energy sectors.
Despite many smaller moves, Elliot, whose share in Haniole is the largest individual investment, has argued that the company needed to divide.
Haniole attracted Elliot’s attention as the price of his share was less than the market performance. Its shares increased by 7.7 % in 2024 to November 11, a day before Elliot revealed its location, while the broader market gained 26.6 % in the same period.
Analysts had previously estimated that Harriwel’s high margin could range between 90 billion dollars and 120 billion dollars, including debt.
The aviation industry, which faces a deficiency in New Jets, was forced to resort to the oldest and most intense maintenance during a travel mutation, prompting sales to players such as Honeyweell that provide post -sales and spare parts services.
The Air Space Unit is the largest revenue generator in Haniole, with about 40 % of the company’s total revenue in 2024, and Boeing Wrbus is among its customers. It also has contracts with the United States government, as it provides communication and mobility systems, among other services.
Haniole has announced plans to intervene the advanced material unit in a company publicly circulated in October. She said in December that she was considering presenting her space work, after Illiot.
The company said it intends to complete the chapter in the second half of 2026, which will be exempt from its shareholders.
Paying Elliot is not the first time that Haniole has faced active pressure to dismantle the company. In 2017, it managed to ignore the third point of Daniel Loop, which urged the company to get rid of the Air Space Department.
By Haniole’s decision, the ranks of the country’s leading industrial blocs diminished further, following similar options in recent years by 3M, General Electric and United Technologies to divide the main sections.
