Elliott's $5 billion Honeywell gambit: would a split pay off?
Diversified conglomerates were long a fixture of the U.S. stock market landscape, with the Dow industrials bolstered by big names such as 3M, General Electric, United Technologies and others. But many of those companies have since broken apart,
Activist investor Elliott Investment Management stated in a letter addressed to Honeywell’s Board of Directors that it wants ...
It argues that separating Honeywell would lead to simplified strategies, focused management, enhanced capital allocation and ...
Honeywell does not seem to have got the memo that conglomerates have become achingly unfashionable. At a time when the global ...
The push comes as new Honeywell CEO Vimal Kapur has led an aggressive repositioning with mergers, acquisitions and spinoffs.
In order to realize its full potential, Elliott recommended that Honeywell pursue a separation of Aerospace and Automation.
As Honeywell’s largest active investor, Elliott Investment Management’s letter to Honeywell International argued that ...
Activist investor Elliott Management has a $5 billion-plus stake in industrial conglomerate Honeywell and is pushing the ...
Honeywell in the second quarter of 2024 launched Honeywell Forge Performance+ for Aerospace, a cloud-based platform employing ...
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