Previous Close | 0.0800 |
Open | 0.0800 |
Bid | 0.0000 |
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Expire Date | 2024-10-18 |
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Open Interest | 156 |
Multinational conglomerate Honeywell International (HON) is seeking to spin off its advanced materials segment by 2026, according to the Wall Street Journal, and valuing the unit at over $10 billion. Morning Brief anchors Seana Smith and Brad Smith report on this development and the statement issued by Honeywell CEO Vimal Kapur. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
Honeywell (Nasdaq: HON) and Qualcomm Technologies, Inc. today announced an expanded collaboration to develop new artificial intelligence (AI)-enabled solutions for the energy sector. The design and development of these solutions with Qualcomm Technologies supports Honeywell's alignment of its portfolio to three compelling megatrends, including automation.
Industrial firm Honeywell plans to spin off its advanced-materials business to shareholders. The separation should be complete by the end of 2025 or early 2026.