Honeywell Announces Three-Way Split, Stock Falls
1. Honeywell plans to split into three independent companies by 2026. 2. The breakup follows pressure from activist investors and recent industry trends. 3. Projected EPS gains of 2%-6% are expected for next year. 4. CEO claims breakup will simplify strategies and unlock shareholder value. 5. The company reported a 7% revenue increase in Q4, but mixed EPS results.