Elliott Investment Management L.P. has formally communicated with the Board of Honeywell International Inc. (HON), urging a strategic restructuring aimed at simplifying the company's conglomerate framework. Elliott has proposed that Honeywell be split into two independent entities: Honeywell Aerospace and Honeywell Automation, a move they believe would significantly enhance shareholder value in the long term. According to Elliott's projections, this separation could potentially increase the share price by 51% to 75% over the coming two years.
Elliott Investment L.P.'s managed funds have invested over $5 billion in Honeywell International Inc., positioning Elliott as the largest active investor in the company.
