HONEYWELL INTERNATIONAL INC (HON)
US4385161066 - Common Stock
February 2025 Options Now Available For Honeywell International (HON)
Investor Elliott Management calls for Honeywell breakup after amassing $5B stake
Activist investor calls for Honeywell to separate aerospace, automation divisions
Activist investor Elliott calls for Honeywell changes after acquiring $5 billion stake
Bloomberg Markets 11/12/2024
"Bloomberg Markets" follows the market moves across every global asset class and discusses the biggest issues for Wall Street. Today's guests include Saleha Mohsin for Bloomberg News giving insights on Scott Bessent being on Shortlist for US Treasury Secretary under Donald Trump's new administration. Philip Richter, President & Co-Founder of Hollow Brook Wealth Management, talks the post-election rally, and how the market has underinvested in energy. Laura Champine, Loop Capital Markets explains why Home Depot is raising its outlook, and Bloomberg News journalist Crystal Tse discusses Elliott Investment Management amassing a $5 Billion stake in Honeywell International. (Source: Bloomberg)
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Investor calls for Honeywell breakup after amassing $5B stake
Why Are Honeywell (HON) Shares Soaring Today
Shares of industrial conglomerate Honeywell (NASDAQ:HON) jumped 6.9% in the morning session after activist investor Elliott Investment Management built a stake worth more than $5 billion in the company. The stake made the investment firm the largest active investor when the position was revealed. Elliott advocated for a breakup of Honeywell into two separate companies, Honeywell Aerospace and Honeywell Automation, adding, "The conglomerate structure that once suited Honeywell no longer does, and the time has come to embrace simplification." This move is noteworthy given that activist investors often bring about significant changes in targeted companies, focusing on improving asset monetization, expense efficiency, and stock buybacks. After the initial pop the shares cooled down to $233.10, up 3.5% from previous close.
Tuesday Sector Leaders: Consumer Products, Services
Notable Tuesday Option Activity: CRWD, HON, DXCM
Elliott Investment's plans after $5B Honeywell investment could affect KC jobs
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Elliott Management targets Honeywell with $5 billion stake, pushes for major restructuring
Elliott wants Honeywell to separate its Aerospace and Automation businesses. It expects such a strategic move to unlock up to 75% upside.
Nasdaq 100 Movers: MU, HON
Honeywell jumps on activist push for a breakup. Here's our plan for the stock now
Jim Cramer isn't the only one who thinks Honeywell needs to reshape its sprawling portfolio.
S&P 500 Movers: MU, TSN
Dow Movers: INTC, HON
Elliott Builds $5 Billion Honeywell Stake
Activist investor Elliott Management has $5 billion Honeywell stake, seeks breakup
Activist investor Elliott Management has a $5 billion-plus stake in Honeywell and is pushing the company to break itself up into two businesses.
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Elliott Sends Letter to the Board of Directors of Honeywell International Inc.
/PRNewswire/ -- Elliott Investment Management L.P. ("Elliott"), which manages funds that together have made an investment of more than $5 billion in Honeywell...
Elliott Amasses $5 Billion-Plus Stake in Honeywell
Activist investor Elliott Investment Management has built a $5 billion-plus position in industrials giant Honeywell International Inc., according to people with knowledge of the matter.
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