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according to people familiar with the matter. The Wall Street Journal earlier reported on Honeywell’s plans for the tax-free separation.

Honeywell shares are rising 3% in premarket trading after the conglomerate said it plans to spin off its ... specialty chemicals and materials." The tax-free spinoff to shareholders is targeted ...

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(Bloomberg) -- Honeywell International Inc. plans to spin off its advanced materials division as the ... intends to separate the unit on a tax-free basis into a separately listed business by ...