Elliott Management pushes for breakup of Honeywell to boost stock performance

Elliott Management is pushing for changes at Honeywell, aiming to enhance its stock performance. The firm suggests that breaking up Honeywell into smaller, more focused companies could unlock value for shareholders. This approach contrasts with Honeywell's current strategy of operating as a diversified industrial company. Elliott believes that a breakup would allow each segment to thrive independently and attract more investor interest. The proposal comes amid a broader trend where companies are reevaluating their structures to improve efficiency and profitability. If implemented, these changes could position Honeywell as a more attractive investment in the industrial sector.