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Home/News Feed/Honeywell to spin off Aerospace unit and execute 1-for-2 reverse stock split on June 29, 2026
HON
$222.85
+$0.01 +0.00%

Honeywell to spin off Aerospace unit and execute 1-for-2 reverse stock split on June 29, 2026

Company Fundamentals
05 Jun 2026
PRNewsWire
View Source
Bullish
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Honeywell announced that it will spin off its Aerospace division on June 29, 2026, distributing one share of Honeywell Aerospace stock for every two shares of Honeywell stock held as of June 15, 2026. Honeywell Aerospace will begin trading on Nasdaq under the ticker "HONA" the same day. Concurrently, Honeywell will implement a 1-for-2 reverse stock split, reducing its outstanding shares by half, while continuing to trade under the ticker "HON." This move aims to unlock value by creating two independent companies focused on their respective markets, with the spin-off expected to be tax-free for U.S. shareholders.

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