HON to Spin Off Advanced Materials Unit to a Separate Public Entity

Honeywell International Inc. (HON) recently announced that it aims to spin off its advanced materials business into a new public company. The company plans to carry out the spin-off to shareowners in a taxefficient manner. Honeywell's advanced materials business provides specialty chemicals and materials to various industries, including aerospace, automotive and electronics. It features brands like Solstice, Spectra, Hydranal, Aclar and many more. In 2024, the advanced materials business is expected to gene ...