Honeywell to spin out turbochargers business

Published: Tuesday, 10 October 2017

The chemical and engineering giant moves to placate activist investors.

Honeywell International will spin off its turbochargers and home goods businesses, which the company says deliver a combined annualised revenue of $7.5bn, in a bid to calm activist invests.

The US based conglomerate includes a major flurochemical business, among a wide range of...

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