Deals
Honeywell CEO Faces Test With Wall Street Awaiting ‘Signature Deal’
- Company announces small deal; hasn’t done large one in 2 years
- Spinoffs of turbochargers, home products to trim sales by 18%
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Honeywell International Inc. CEO Darius Adamczyk won over investors last year with his decision to shrink the company. Now he’s got to convince them he can grow.
Adamczyk, after he completes two spinoffs this year, will be facing mounting pressure to find the right acquisitions for his plan to expand sales and reshape Honeywell into a company based more on software. Investors will be scrutinizing the chief executive officer’s first large transaction for signals on the direction he intends to take Honeywell, and how aggressive he’s willing to be on price.