Elliott Management Pushes for Honeywell Breakup After $5B Stake

The activist investor urges Honeywell to split its aerospace and automation units, aiming to enhance shareholder value.

Elliott Management has acquired a stake of over $5 billion in Honeywell International.
The firm is advocating for the separation of Honeywell's aerospace and automation businesses into two independent companies.
Elliott argues that a breakup could increase Honeywell's share price by 51% to 75% over the next two years.
The investor believes that both units would benefit from focused management and improved capital allocation.
Honeywell's board has acknowledged Elliott's perspective and expressed openness to engaging with the firm.