Honeywell International Inc. is poised to proceed with a breakup following pressure from activist Elliott Investment Management to split, people familiar with the matter said.

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Honeywell Plans Breakup Under Pressure From Elliott

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Honeywell stock rises after Bloomberg reports plans to split into two companies, following pressure from activist investor Elliott Management.

Seeking Alpha

Honeywell planning breakup under pressure from Elliott

Honeywell International Inc (NASDAQ: HON) is in the red today following a report that it’s considering splitting into two public companies: one focused on automation and the second on aerospace and defense.   But famed investor Jim Cramer dubs the weakness in HON an opportunity as the Charlotte-headquartered firm seems to be moving in the right direction. Elliott Investment Management has been pushing the conglomerate to break itself into two in…

Invezz

Honeywell split: could the breakup unlock greater shareholder value?

timesng.com: CHARLOTTE, N.C. — Honeywell International Inc. is preparing to split into two independent publicly traded companies following pressure from activist investor Elliott Investment Management, according to people familiar with the matter. The industrial conglomerate, based in Charlotte, North Carolina, plans to separate its operations into two entities: one focused on automation and the other on […] This post Honeywell to Split Into Two…

timesng.com

Honeywell to Split Into Two Companies Amid Elliott Pressure

Bloomberg reports that Honeywell International Inc. (HON) is on the brink of a significant corporate restructuring, planning to divide into two separate publicly traded entities focusing on automation and aerospace and defense. This move comes after activist investor Elliott Investment Management, holding a substantial $5 billion stake, has been pressuring…

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Honeywell to Split Up Amid Pressure from Activist Investor Elliott - Wall Street Pit

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