New Companies
Monday, 6/29, 04:43 PM
Honeywell Aerospace Climbs in Nasdaq Debut as the Conglomerate Breakup Completes
- Honeywell Aerospace began trading on its own Monday under the ticker HONA and rose on its debut, completing the split of the 140-year-old industrial giant into focused, standalone companies.
- It's the latest dismantling of a conglomerate — and a win for activist investor Elliott Management, which pushed for the breakup.