Tag: spin off
Honeywell to spin off advanced materials business
October 8, 2024Ken Showers, Managing Editor
CHARLOTTE, N.C. — Honeywell has announced a plan to spin off its Advanced Materials business into an independent, U.S. publicly traded company, targeted to be completed by the end of 2025 or early 2026.
Vimal Kapur, chairman and CEO of Honeywell, said during a recent webcast with investors that it has been nearly a year since the company announced a reorganization to focus on the three megatrends of automation, aviation and energy transition.
“As we continue to...
Tyco's Breen talks about new entrants, PULSE, ADT spin-off
January 31, 2012Martha Entwistle
There were some interesting tidbits on today's Tyco earnings call—about earnings of course, but also about new cable/telco entrants into the security industry, stats on ADT's PULSE offering, and a progress report on the conglomerate's split into three, separate, publicly traded companies.
On the new entrants: In response to a question about how/if new cable/telco entrants into the security industry is affecting ADT, Tyco CEO Ed Breen said: “We track every market we're...