Elliott Calls For Simplification At Honeywell


(RTTNews) – Elliott Investment Management L.P. sent a letter to Board of Honeywell International Inc. (HON) calling for a simplification of Honeywell’s conglomerate structure. Elliott believes Honeywell should separate into two standalone companies – Honeywell Aerospace and Honeywell Automation – to create long-term value for shareholders. It expects a separation could result in share price upside of 51-75% over the next two years.

The funds managed by Elliott Investment L.P. has made an investment of more than $5 billion in Honeywell International Inc., making it the company’s largest active investor.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


  • Related Posts

    Bitcoin hits another all-time high following Trump’s presidential victory. Is there more to come?

    After months of stagnation since spring, Bitcoin (CRYPTO:BTC) came roaring back to life. Riding the momentum of pro-crypto candidate Donald Trump’s presidential election victory, the world’s largest cryptocurrency recently hit…

    Read more

    Gary Gensler resigns as SEC chairman as bitcoin hits $100,000

    Gary Gensler resigns as SEC chairman as bitcoin hits $100,000 https://www.marketwatch.com/bulletins/redirect/go?g=a0ffb62e-12dd-438f-a028-350556fa7266&mod=mw_rss_bulletins

    Read more