Elliott Management Pushes for Honeywell Split with $5B Stake

Activist investor Elliott Management has acquired a $5 billion stake in Honeywell and is advocating for the industrial conglomerate to split into two separate companies, focusing on its Aerospace and Automation divisions. Elliott argues that this breakup could increase Honeywell's value by up to 75% over two years, citing underperformance and a complex corporate structure as reasons for the move. This push aligns with a broader trend of dismantling conglomerates, as seen with companies like General Electric. Honeywell has acknowledged Elliott's perspective and is open to discussions.