Honeywell fell 1.7% possibly due to pressure from activist investors to split up
Honeywell fell 1.7%, closing at 215.37 points. On the news front, under pressure from activist investor Elliott Management, Honeywell is preparing for a spin-off, which may be announced alongside its fourth-quarter 2024 financial report in early February. Reports indicate that the company plans to split into two independent publicly traded companies, one focusing on automation and the other on aerospace and defense
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