If you were optimizing a company to spin out right now it might look a lot like Solstice Advanced Materials. Honeywell(HON) completed its spinoff of Solstice(SOLS) this morning and now shifts its focus to the upcoming spinoff of its aerospace division. Honeywell shareholders as of the record date of October 17, 2025 received one share of Solstice stock… Read More »
It’s a big week for big spinoffs, with two new spinoffs immediately joining the S&P 500. Honeywell(HON) will complete its spinoff of Solstice Advanced Materials(SOLS) first with the Solstice spinoff joining the S&P 500 tomorrow, October 30,2025. Solstice stock will replace CarMax(KMX) in the index on October 31. CarMax will move into the S&P SmallCap 600, replacing USANA… Read More »
Another week, more spinoff news: Solstice Spinoff and Qnity Spinoff On Deck Big week for spinoffs this week as DuPont completes its Qnity spinoff, and Honeywell completes its Solstice spinoff. These are two large companies who are spinoff veterans. These widely held stocks should see lots of volume for both the parents and the spinoffs Grupo Herdez Nutrisa… Read More »
Honeywell (HON) has officially cleared the final hurdle for its spinoff of Solstice Advanced Materials. The company’s board of directors gave its approval last week, confirming that the separation will proceed as planned on October 30, 2025, with shares to begin regular-way trading under the ticker SOLS on the Nasdaq. As we previously covered here, this marks… Read More »
Honeywell Sets Record Date and Distribution Details for Solstice Spinoff In August, we covered Honeywell’s (HON) ambitious three-way breakup plan. The restructuring will occur in two stages: first, the separation of Solstice Advanced Materials, followed next year by the split of Aerospace and Automation. Honeywell’s board has now approved the Solstice spinoff, and the key details are finally… Read More »
It’s been a few years, but here’s a new Spinoff Odds & Ends post, bringing you spinoff news that just doesn’t warrant its own article. Unilever’s Ice Cream Headache: Ben & Jerry’s vs. Magnum We have discussed Unilever’s(UL) The Magnum Ice Cream Company spinoff. They haven’t said so, but one of the reasons may be the untenable position… Read More »
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 »
It may be a new year, but we are reviving our series of popular Odds and Ends pieces. In this end of week edition, we hear from CEOs of spin off related companies. The buck has to stop somewhere so why not hear it straight from the top? The WSJ recently featured a chat with Ed Breen, the… 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 »
It may sound like an alien planet, but Honeywell(HON) shareholders should prepare to see AdvanSix in their portfolios early next year. On the heels of a rebuffed and withdrawn offer for United Technologies(UTX), Honeywell has decided to slim down, announcing that it will spin off its Resin and Chemicals by early-2017. The new company which will be named… Read More »
Canadian company COM DEV International(CDV.TO) announced that Honeywell(HON) will purchase the company for C$455 million ($345 million USD). Concurrent with the purchase, COM DEV will spin off its stake in exactEarth to shareholders. exactEarth will become an independent, publicly traded company. (i) Honeywell will acquire the equipment business of COM DEV by way of an acquisition of all of… Read More »
A few links to settle back in after the long Labor Day weekend: Spinoffs are all the rage and conglomerates are dropping like flies. While GE (GE) and others are currently slimming down, the WSJ notes that Honeywell (HON) is the rare outperforming conglomerate that is actually being cheered for its diversified position. Whether that remains the case… Read More »
Shareholders heading to Winston-Salem yesterday for B/E Aerospace’s (BEAV) annual meeting were likely very disappointed (or worse) to hear that the meeting had been cancelled the day before. The company opted to postpone its annual gathering after issuing a press release stating that the company was engaged in a ‘Process to Explore Strategic Alternatives’. Hopefully the fact that… Read More »