Honeywell reportedly splitting into three companies. Shares are surging. - MarketWatch
1. Honeywell plans to split into three independent companies. 2. Aerospace unit, automation business, and advanced materials will each operate separately. 3. Shares rose 4.4% during premarket trading after the announcement. 4. Activist investor Elliott Management pushed for this restructuring last year. 5. Honeywell previously announced a spin-off for their advanced materials unit last October.