Honeywell bets its breakup will generate huge value

Honeywell is splitting into three companies, with Solstice Advanced Materials acquiring Element Solutions for $14.5 billion. Share prices for Honeywell Aerospace and Solstice have dropped post-spinoff, though CEO Jim Currier remains optimistic about future deals. GE's 2021 split created significant value, but a Harvard study found most large spinoffs fail to generate new shareholder value.