Comment on 3 Things Investors Need to Know About Honeywell’s Spinoff

3 Things Investors Need to Know About Honeywell’s Spinoff

Honeywell (NYSE: HON) is scheduled to spin off its  transportation systems unit on October 1, calling the new business Garrett Technologies in honor of one of the company's earliest turbocharge developers. Investors will receive one share of Garrett for every 10 shares of Honeywell that they own; in the future, the new company will trade under the ticker symbol GTX.What is Garrett?

 

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