Honeywell Spinoff Multiball- Three Independent Companies 25 years ago, Honeywell (HON) was set to merge with GE(GE). Jack Welch stayed on to get the combination on proper footing. And then regulators stopped the deal. With the deal killed, Honeywell executed well for decades. Now, however it plans to follow GE’s 3 way lead and break into 3 companies,… Read More »
You may have noticed a lull in our regular programming and for that we apologize. Over the past few weeks, a number of spinoff transactions have closed leading to quite a few shifts within the S&P indices. Here is a summary of the various transactions: Honeywell’s (HON) AdvanSix (ASIX) spinoff was distributed on October 1st and the new company… Read More »
Honeywell’s (HON) board of directors approved the spinoff of AdvanSix, its resin and chemical business. The spinoff will take place on October 1st and shareholders as of September 16th will receive 1 share of AdvanSix for every 25 shares of HON owned. A When-Issued market is expected to be in place beforehand, but post-spin, the company will trade… Read More »