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Elliott Investment Management calls for break-up at Honeywell

November 12, 2024SSN Staff

WEST PALM BEACH, Fla. — Activist investor group Elliott Investment Management has built a $5 billion dollar investment in Honeywell International inc. and is calling for the company to simplify its conglomerate structure. In a letter to addressed to the Honeywell board of directors, Elliott outlined that while the company has been, “…iconic pillar of the American industrial complex”, it has recently shown signs of inconsistent financial performance and uneven execution...

Elliott Management, Global Access Solutions, Honeywell, Honeywell Aerospace Technologies, Honeywell Automation