Tagged HON

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Getting Hammered: HON Completes REZI Spin-off

MORRIS PLAINS, N.J., Oct. 29, 2018 /PRNewswire/ — Honeywell (NYSE: HON) announced today that it has completed its spin-off of Resideo Technologies, Inc., Honeywell’s former Homes and ADI Global Distribution business. Resideo shares will begin “regular way” trading on the New York Stock Exchange today under the symbol “REZI.” “The spin-off of Resideo marks the completion of the…

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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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Honewell Files Form 10 for Resideo Technologies

Dear Honeywell Shareowner: On October 10, 2017, we announced our intention to spin our Homes and ADI global distribution business. I am pleased to confirm that we expect to distribute shares in the new company, Resideo Technologies, Inc., before the end of the year. We will provide more details on this distribution as the effective spin…

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Honeywell Files Form 10 for Garrett Motion

Dear Honeywell Shareowner: On October 10, 2017, we announced our intention to spin our Transportation Systems automotive business. I am pleased to confirm that we expect to distribute to you shares in the new company, Garrett Motion Inc., at the end of the third quarter. Garrett will be listed on the New York Stock Exchange…

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Honeywell Announces Two Spinoffs

Plans to Spin Homes and the ADI Global Distribution Business, a ~$4.5B Business, and Transportation Systems, a ~$3.0B Business, into Two Independent, Publicly-Traded Companies by End of 2018 Prospective Honeywell Portfolio Consists of High-Growth Businesses with Strong Operational and Technology Synergies, Focused on Six Key End Markets Independent Investment Decisions Will Position Spins to Thrive…

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Honeywell to Spin Off Nylon Unit ($87B)

Honeywell announced today its intention to spin off its Resins and Chemicals business into a standalone, publicly-traded company named AdvanSix Inc. Honeywell will file a Form 10 relating to the transaction with the Securities and Exchange Commission shortly. Completion of the transaction is expected to occur by early 2017 and is subject to certain customary conditions,…