Honeywell breakup on the horizon? Elliott’s $5bn stake raises stakes

Honeywell breakup on the horizon? Elliott’s $5bn stake raises stakes

In a significant development within the industrial sector, activist investor Elliott Investment Management has taken a substantial $5 billion stake in Honeywell International Inc., calling for the conglomerate to split into two separate businesses, as per a report in Reuters. This proposition marks a bold step by Elliott, who has long been known for aggressive […]