Activist investor Elliott Management has $5 billion Honeywell stake, seeks breakup
Honeywell(HON) CNBC·2024-11-12 22:38
The Honeywell International sign sits outside of the company's former global headquarters in Morristown, New Jersey.Activist investor Elliott Management has a $5 billion-plus stake in Honeywell, and it is pushing the industrial conglomerate to break itself up into two companies.Elliott believes that Honeywell should divide itself along its two primary business lines — Aerospace, which supplies engines and avionics to the military and commercial users, and Automation, which is a supplier of sensors and cont ...