Elliott Investment Management has acquired a stake exceeding $5 billion in Honeywell International Inc. and is advocating for a significant restructuring of the company.
The activist firm is urging Honeywell to split into two independent entities, with one focusing on aerospace and the other on automation. This move comes as part of Elliott's strategy to enhance shareholder value and streamline operations within the industrial giant.
The proposal aligns with ongoing trends in the industry where companies are increasingly considering spin-offs to sharpen their focus and improve performance.