Our M&A lawyers are among the most experienced and effective in the world. We represent many of the world's largest publicly traded and privately held companies, as well as leading private equity firms on their most important mergers, acquisitions and takeover transactions.
Honeywell Completes Spin-Off of Garrett Motion
- Client News
- October 2, 2018
Paul, Weiss represented Honeywell in its spin-off of Garrett Motion Inc., Honeywell’s former transportation systems business. Garrett shares began "regular way" trading on the New York Stock Exchange, under the symbol "GTX." Honeywell distributed one share of Garrett common stock for every ten shares of Honeywell common stock held as of 5:00 p.m. on September 18, the record date for the distribution. Honeywell is a Fortune 100 software-industrial company that delivers industry specific solutions that include aerospace products and services, control technologies for buildings and industry, and performance materials globally. Garrett Motion designs, manufactures and sells highly engineered turbocharger and electric boosting technologies for light and commercial vehicle original equipment manufacturers and the aftermarket.
The Paul, Weiss team included, among others, corporate partners Scott Barshay, Steven Williams, John Kennedy, Manuel Frey and Judie Ng Shortell and counsel Frances Mi; tax partner Jeffrey Samuels and counsel Alyssa Wolpin; employee benefits partner Lawrence Witdorchic and counsel Jarrett Hoffman; intellectual property partner Claudine Meredith-Goujon and counsel Jonathan Ashtor; real estate counsel Karla Booth; and environmental counsel William O’Brien.