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.


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