Honeywell jumps after activist Elliott takes $5B stake, pushes for breakup (update)

Nov. 12, 2024 8:59 AM ETHoneywell International Inc. (HON) StockBy: Joshua Fineman, SA News Editor14 Comments
(3min)
Honeywell building in Markham, Ontario, Canada.

JHVEPhoto

Update 9am: Adds Elliott confirmation, letter.

Honeywell (HON) soared 4% after activist investor Elliott Investment Management accumulated a more than $5 billion stake and wants the industrial conglomerate to evaluate breaking up the company.

Elliott wants Honeywell (NASDAQ:HON) to separate

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