Honeywell is separating into three publicly traded companies, the Charlotte-based conglomerate said Thursday. Only one will stay in Charlotte. Honeywell will spin off its automation and aerospace ...

Shares of Honeywell International Inc. dropped Thursday after the multinational conglomerate announced a plan to split itself into three independent companies in an effort to boost shareholder ...

The announcement comes less than three months after activist investor Elliott Investment Management built a stake worth more than $5 billion in Honeywell, with the goal of pushing for a breakup of ...