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The Nexus
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conglomerate model

Coverage of conglomerate model in the Nexus archive.

Earliest in view: Jun 30 · 17:22 UTCMost recent: Jun 30 · 17:22 UTC
Co-mentioned in this coverage
Jim Currierperson1Honeywell Aerospaceorganization1Honeywell International Inc.organization1ETFstopic1prediction marketstopic1M&Atopic1
Recent coverage
  • BUSINESSJun 30 · 17:22 UTCSEMAFOR
    Honeywell ditches conglomerate model

    Honeywell Aerospace, a spinoff of Honeywell International, is criticized by CEO Jim Currier for the outdated conglomerate model. The company aims to focus on mission-critical hardware, faces a 3% stock decline post-spinoff, and plans M&A after addressing $10.5 billion in debt from the spinoff, which includes a dividend to its former parent. It reports a $19 billion backlog growing 20% annually.