Elliott calls for Honeywell break up, takes over $5 bln stake
- Activist investor Elliott Investment Management has acquired a stake of over $5 billion in Honeywell International, advocating for a split into two companies.
- Elliott argues that Honeywell should separate its aerospace and automation divisions to improve financial performance and stock prices, projecting gains of 51% to 75% in two years.
- In a letter, Elliott believes that independent operations would enhance strategy, management focus, and capital allocation, benefiting from structures seen in other large businesses.
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Total News Sources0
Leaning Left2Leaning Right2Center9Last UpdatedBias Distribution69% Center
Bias Distribution
- 69% of the sources are Center
70% Center
15%
C 70%
15%
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