Elliott Demands Honeywell Breakup After Taking $5B Stake

Honeywell
Credit: Kristoffer Tripplaar / Alamy Stock Photo
Having shaken up Southwest Airlines, activist investor Elliott Investment Management is setting its sights on a new target: Honeywell International. Elliott announced Nov. 12 that it has invested more than $5 billion in the Charlotte, North Carolina-based industrial conglomerate and sent a letter to...

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