Monthly Archives: October 2018

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Arcosa to Trade When-issued Next Week

DALLAS – September 25, 2018 – Trinity Industries, Inc. (NYSE: TRN) (“Trinity”) announced today that its Board of Directors formally approved the separation of its infrastructure-related businesses from Trinity through a distribution of all of the common stock of Arcosa, Inc. (“Arcosa”) held by Trinity to Trinity stockholders. In connection with the approval, the board…

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Resideo will Trade When-Issued Next Week

MORRIS PLAINS, N.J., Oct. 2, 2018 /PRNewswire/ — Honeywell (NYSE: HON) today announced that its Board of Directors has declared a pro rata dividend of Resideo Technologies, Inc. common stock, to be made effective at 12:01 a.m. EDT on October 29, 2018, to Honeywell’s shareowners of record as of 5:00 p.m. EDT on October 16,…

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Honeywell Completes Garrett Motion Spin-Off

MORRIS PLAINS, N.J., Oct. 1, 2018 /PRNewswire/ — Honeywell (NYSE: HON) announced today that it has signed an agreement to acquire privately held, warehouse automation business Transnorm for approximately €425 million from IK Investment Partners. Honeywell also announced that it has completed its spin-off of Garrett Motion Inc., Honeywell’s former Transportation Systems business. Garrett shares will begin…

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ServiceMaster Completes Frontdoor Spin-Off

MEMPHIS, Tenn.–(BUSINESS WIRE)–ServiceMaster Global Holdings, Inc. (NYSE: SERV), a leading provider of essential residential and commercial services, today announced that it successfully completed the spin-off of frontdoor, inc., (“Frontdoor”), the parent company of its American Home Shield business, which is now an independent public company that will begin “regular way” trading this morning on Nasdaq under…