Honeywell Stock Soars as Activist Investor Elliott Pushes for Split

Honeywell International Inc. (HON) shares are experiencing a significant surge in early trading on Tuesday after activist investor Elliott Investment Management revealed a substantial stake in the company and is advocating for a separation into two distinct entities. Elliott believes that a split of Honeywell’s Aerospace and Automation businesses would unlock significant value for shareholders, potentially driving share prices up by 51% to 75% within the next two years.

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