Elliott Management Acquires $1 Billion Stake in Johnson Controls

The activist investor's move comes as the industrial giant explores divestitures and executive changes.

Johnson Controls' stock has surged over 20% this year amid Elliott Management's investment.
The company is considering selling non-core businesses, potentially worth billions.
Recent executive changes include a new CFO, Marc Vandiepenbeeck.
Elliott's past investments have led to significant corporate restructuring.
Johnson Controls' stock is currently seen as fully valued by analysts.