Honeywell to Break Up After Pressure From Activist Elliott
Honeywell International Inc. will split into separate publicly traded companies following pressure from an activist investor, the latest in a line of industrial conglomerates seeking a more streamlined portfolio.
Honeywell to break up in latest corporate split after pressure from activist investor
Honeywell is splitting into three independently listed companies, breaking up one of America's last standing conglomerates just months after activist investor Elliott Management took a $5 billion stake in the industrial giant.
Honeywell to split in three after pressure from activist investor
Honeywell said it will split into three companies. The aerospace giant said it will separate its aerospace, automation and advanced materials units into distinct entities in 2026.
Honeywell to break up aerospace, automation businesses after investor push
The Charlotte-based conglomerate announced today during its fourth-quarter earnings call that it would separate its automation and aerospace businesses. The action comes after Honeywell announced in December it would consider the separation after calls to do so in November from Elliott Investment Management.
Honeywell to split into three independently listed companies in latest corporate breakup
Honeywell said on Thursday it will split into three independently listed companies, breaking up one of America's last standing conglomerates just months after activist investor Elliott Management took a $5 billion stake in the industrial giant.
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