Among the conglomerates to go this route have been Alcoa in 2016, United Technologies in 2018 and, last year, General Electric.
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Honeywell may just be the next conglomerate to split into various pieces. At least if Elliott Investment Management has its way.
Honeywell plans to spin off its advanced materials unit as a publicly listed company so it can prioritize “megatrends.”
Quantum computing faces major roadblocks, but the payoff for overcoming them stands to be tremendous.