Haniole to divide in three after pressure from the active investor Elliot Administration

• The industrial giant Haniole and Space said on Thursday that it will be divided into three companies listed independently.
• Haniole said it will separate airlines and automation in separate entities, as well as its pre -announced offer to the advanced material unit.
• Haniole said he intends to complete the separation in the second half of 2026, which will be violating the shareholders ’taxes.

Haniole said on Thursday that it will be divided into three companies listed independently, which leads to the dismantling of one of the last permanent American companies after a few months. An active investor Eliott Management It took $ 5 billion in the industrial giant.

However, Haniole’s shares decreased by approximately 2.5 % in the pre -market trade, reflecting the path of early gains after the company expected to alleviate and profit sales for 2025.

The company said that it will separate airlines and automation companies in separate entities, in addition to the offer that was previously announced to the advanced material unit.

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By Haniole’s decision, the ranks of the country’s leading industrial blocs diminished further, following similar options in recent years by 3M, General Electric and United Technologies to divide the main sections.

The industrial and space giant was on the boom of making deals under the leadership of the Vimal Kapur CEO, as it holds assets that do not focus on the aviation, automation and energy sectors.

Despite many smaller moves, Elliot, whose share in Haniole is the largest individual investment, has argued that the company needed to divide.

Haniole attracted Elliot’s attention The price of its share is less than the performance in the market. Its shares increased by 7.7 % in 2024 to November 11, a day before Elliot revealed its location, while the broader market gained 26.6 % in the same period.

Analysts had previously estimated that Harriwel’s high margin could range between 90 billion dollars and 120 billion dollars, including debt.

The aviation industry, which faces a deficiency in New Jets, was forced to resort to the oldest and most intense maintenance during a travel mutation, prompting sales to players such as Honeyweell that provide post -sales and spare parts services.

The Air Space Unit is the largest revenue generator in Haniole, with about 40 % of the company’s total revenue in 2024, and Boeing Wrbus is among its customers. It also has contracts with the United States government, as it provides communication and mobility systems, among other services.

Haniole has announced plans to intervene the advanced material unit in a company publicly circulated in October. He said in December that she is thinking AirlineAfter paying Elliot.

The company said it intends to complete the chapter in the second half of 2026, which will be tax exempt for its shareholders.

Paying Elliot is not the first time that Haniole has faced active pressure to dismantle the company. In 2017, it managed to ignore the third point of Daniel Loop, which urged the company to get rid of the Air Space Department.

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The industrial giant trims its wallet through a series of disposal and acquisitions, but this great separation will be the first for the company that is more than 100 years old.

Separately is expected to obtain a modified profit per share ranging from $ 10.10 and $ 10.50 for 2025, with less than average estimated analysts of $ 10.93 according to the data collected by LSEG.

The sales expectations of 39.6 billion dollars and 40.6 billion dollars for this year also decreased from Wall Street’s expectations of $ 41.22 billion.