Honeywell Technologies in its $72 billion spin-off of Honeywell Aerospace

Honeywell Technologies (NASDAQ:  HON) today announced it has completed the previously announced spin-off of its Aerospace Technologies business, which now operates as Honeywell Aerospace (NASDAQ:  HONA).  Honeywell Technologies, which was previously known as Honeywell, also announced today that it has completed a 1-for-2 reverse stock split of Honeywell Technologies common stock.

The spin-off represents the second largest spin-off of all time, with Honeywell Aerospace’s initial market capitalization exceeding $72 billion.

Wachtell, Lipton, Rosen & Katz served as legal counsel to Honeywell Technologies.