By Colin Kellaher
The Charlotte conglomerate said the move to the tech-heavy Nasdaq, which is effective May 11, reflects its position as a software-industrial company.
Honeywell‘s predecessor company, Allied Chemical & Dye, began trading on the Big Board in 1920.
Honeywell said it will join the Nasdaq Composite index upon the transfer of its listing, and that it will meet the requirements to join the Nasdaq 100 index. The company’s current market capitalization of roughly $155.5 billion would land it among the top 20 of the Nasdaq 100.
Write to Colin Kellaher at [email protected] Zoom.com
(END) Dow Jones Newswires
April 30, 2021 09:48 ET (13:48 GMT)
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