Honeywell will distribute one share of Honeywell Aerospace for every two shares of Honeywell, held as of June 15, as it executes its previously announced spinoff. Honeywell expects the distribution to occur at 12:01 a.m. ET on June 29. Also on June 29, following the distribution, Honeywell Aerospace is expected to begin trading on the Nasdaq under the ticker symbol HONA. Honeywell will continue to trade under the ticker symbol HON. The spinoff is expected to be tax free to Honeywell shareholders for U.S. federal income tax purposes, except for cash that shareowners may receive in lieu of fractional shares. Honeywell is reshaping its portfolio through a series of divestitures and spinoffs as the industrial conglomerate splits itself into three publicly traded companies.
This article was automatically created using artificial-intelligence technology and reviewed by Dow Jones Newswires editors.
(END) Dow Jones Newswires
June 05, 2026 17:32 ET (21:32 GMT)
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