An Activist Investor Wants to Break Up Dow Jones Blue Chip Honeywell. Is It Time to Buy the Stock?
The Motley Fool
NOVEMBER 19, 2024
The activist firm Elliott Investment Management has written to Honeywell International 's (NASDAQ: HON) board of directors arguing for the conglomerate's breakup. Elliott believes "Honeywell's conglomerate model has contributed to this underperformance." over the previous three years compared to a 27% increase in the S&P 500 index.
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