Oct. 1 at 7:37 PM
$HON said Tuesday that the spinoff of its specialty chemical business Solstice Advanced Materials, is set for Oct. 30. In its Form 10 filing, the company describes itself as a “global, differentiated advanced materials company and a leading global provider of refrigerants, semiconductor materials, protective fibers, and health-care packaging.Despite these favorable trends, net sales through the first six months of 2025 were
$1.93 billion, down about 1% from 2024, with a 2% decline in volume partially offset by a 1% increase in price. The volume decline was due to large sales of alternative energy services last year that did not repeat
Honeywell shareholders will receive one share of Solstice for every four Honeywell shares held as of the close of business on Oct. 17. Solstice will begin trading on the Nasdaq under the ticker symbol “SOLS WI” on or about Oct. 20. The when-issued line provides investors with a preview of what price the stock will open near after the spin is completed
