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Barchart
Barchart
Aanchal Sugandh

Dear Honeywell Stock Fans, Mark Your Calendars for June 29

Honeywell HON Aerospace Honeywell Technologies

On Monday, June 15, Honeywell International (HON) received final board approval for its aerospace spin-off, locking in Monday, June 29, as the official separation date as the industrial giant sheds its skin and steps forward as a focused automation company. The stock wasted no time reacting, jumping roughly 3.2% in intra-day trading after the announcement, riding a broader market rally sparked by a U.S.-Iran peace deal.

The board formally greenlit the distribution of Honeywell Aerospace (HONA) shares to existing shareholders, setting the wheels in motion for a restructuring first unveiled earlier this year, and once the dust settles, the remaining entity takes the name Honeywell Technologies and keeps the HON ticker.

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