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Elliott takes $5bn stake in Honeywell, urges split into two businesses

By Michele Maatouk

Date: Tuesday 12 Nov 2024

(Sharecast News) - Activist investor Elliott Investment Management called on Honeywell International to break itself up on Tuesday, as it said it had taken a $5bn stake in the company.
In a letter to the company's board of directors, Elliott called for a "simplification" of Honeywell's conglomerate structure.

It said...

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