Honeywell has agreed to sell its Productivity Solutions and Services division to Brady Corporation in a $1.4 billion deal expected to close in the second half of 2026, subject to regulatory approval. The divestiture is part of Honeywell’s ongoing portfolio simplification and runs parallel to its planned Aerospace spin-off, currently on track for Q3 2026. Honeywell’s transformation over the past two years reads as a deliberate narrowing: identifying the highest-margin, highest-growth segments and shedding the rest.

Jersey Mike’s has confidentially submitted a draft registration statement to the SEC for a proposed initial public offering, with no share count or price range yet disclosed. The offering remains subject to market conditions and completion of the SEC review process. The confidential filing route—established under the JOBS Act—allows companies to test regulatory reception and refine their S-1 before public scrutiny begins, giving management more flexibility to adjust timing if market conditions shift.