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Honeywell Set to Split Under Elliott Investment Pressure
2025-01-14
Sources close to the matter have revealed that Honeywell intends to proceed with its spin-off plan amidst pressure from activist investor Elliott Investment Management. Reportedly, the company aims to divide into two distinct publicly traded entities: one dedicated to automation and the other specializing in aerospace and defense. This plan could be officially unveiled in the fourth-quarter earnings report, expected to be released in early February. Given the confidential nature of the information, the sources have requested anonymity. The final details of the split remain subject to approval by Honeywell's board of directors.
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