Deals
Honeywell Plans Breakup Under Pressure From Elliott
- Industrial conglomerate plans to separate aerospace business
- Elliott built $5 billion-plus position in Honeywell last year
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Honeywell International Inc. is poised to proceed with a breakup following pressure from activist Elliott Investment Management to split, people familiar with the matter said.
The Charlotte, North Carolina-based industrial conglomerate is planning to split into two independent publicly traded companies, one focused on automation and the other on aerospace and defense, according to the people.