Becton Dickinson Plans $30 Billion Separation of Life Sciences Unit; Honeywell to Split into Three Companies, Aerospace HQ in Phoenix

Becton Dickinson announced plans to separate its Life Sciences unit, which includes its diagnostic solutions and biosciences segments, through a potential reverse merger transaction (RMT), sale, or spinoff. This separation, which could be valued at approximately $30 billion, aims to enhance focus, drive growth, and unlock value. The announcement aligns with earlier reports indicating the company's strategic shift. In a related development, Honeywell confirmed it will split into three companies, separating its automation and aerospace technologies businesses. This decision follows previous announcements regarding the spin-off of its advanced materials business. The aerospace headquarters will remain in Phoenix, and the restructuring is seen as a response to pressure from activist investors, aiming to create value and improve operational efficiency.