Elliott Sends Letter to the Board of Directors of Honeywell International Inc.
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Elliott Investment Management has sent a letter to Honeywell International Inc.'s board, disclosing a $5 billion investment and urging the company to split into two independent entities. Elliott predicts a 51-75% increase in Honeywell's share price over the next two years.
November 12, 2024 | 2:00 pm
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Elliott Investment Management has invested over $5 billion in Honeywell and is advocating for the company to split into two independent entities. This move is expected to potentially increase Honeywell's share price by 51-75% over the next two years.
Elliott's significant investment and proposal for Honeywell to split into two companies could lead to increased operational efficiency and shareholder value, driving the stock price up. The forecasted 51-75% share price increase over two years suggests a positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100