Honeywell to spin off $1.3 billion resins and chemicals business
Honeywell Inc. said Thursday it is planning to spin off its $1.3 billion resins and chemicals business into a new standalone company to be named AdvanSix Inc. The new entity will be publicly traded with the deal expected to be completed by early 2017, the defense company said in a statement. The spinoff is expected to be tax-free to Honeywell shareholders. There is no impact to financial guidance at this time, said the statement. The business "is favorably positioned to continue to achieve global growth as a standalone enterprise... Читать дальше...