Multinational conglomerate Honeywell International (HON) is seeking to spin off its advanced materials segment by 2026, according to the Wall Street Journal, and valuing the unit at over $10 billion. Morning Brief anchors Seana Smith and Brad Smith report on this development and the statement issued by Honeywell CEO Vimal Kapur. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.

Source: Wall Street Journal October 08, 2024 22:14 UTC