Honeywell explores separating its aerospace business under pressure from activist investor Elliott.
Honeywell International is exploring options that could lead to the separation of its aerospace business, following pressure from activist investor Elliott Investment Management, which holds a significant stake in the company. Honeywell's CEO, Vimal Kapur, confirmed the company is looking into the feasibility of such a move. The announcement boosted the company's stock by 3%, with shares up 8.5% for the year.
3 months ago
31 Articles
Articles
Further Reading
You have 12 free stories remaining this month. Subscribe anytime for unlimited access.