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On Tuesday, diversified manufacturing and technology company Honeywell International (NASDAQ:HON) announced its plan to spin off its Advanced Materials business into an independent, U.S. publicly traded company. The Wall Street Journal first reported the tax-free separation. “Through the powerful combination of strategic bolt-on acquisitions and subtractions of high quality but non-core business lines, we continue to enhance our portfolio mix and further tighten Honeywell’s alignment to three compelling megatrends: automation, the future of aviation, and energy transition…,” said Vimal Kapur, Chairman and CEO of Honeywell. Also Read: Chevron, Honeywell Join Forces For AI Breakthrough: Details By simplifying the company’s structure, Kapur aims to increase the focus and flexibility of Honeywell’s growth ...


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