Elliott Investment Management pushes Honeywell to split into two to boost shareholder value.

Elliott Investment Management, an activist investor, has acquired a $5 billion stake in Honeywell International and is pushing the company to split its automation and aerospace businesses into separate entities. Elliott argues that this split could boost shareholder value by up to 75% over two years. Honeywell's share price rose 5% on the news, and the company says it will engage with Elliott to discuss the proposal.

November 12, 2024
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