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What major strategic changes will Honeywell make by end of 2025?
2
Resolution / Starting Odds
New CEO • 25%
Spin-off of division • 25%
Major acquisition • 25%
No major changes • 25%
Official announcements from Honeywell or credible financial news sources
Story
Elliott Management Acquires $5 Billion Stake in Honeywell, Advocates for Breakup; Stock Rises 8.8% Pre-Market
Nov 12, 2024, 01:22 PM
Elliott Management has reportedly acquired a stake exceeding $5 billion in Honeywell International Inc. This investment marks the largest single-stock stake ever amassed by Elliott. The activist investor is expected to advocate for a potential breakup of Honeywell, urging the company to consider restructuring similarly to its industrial peers. Following the news of the investment, Honeywell's stock has seen a notable increase, rising by approximately 8.8% in pre-market trading.
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Similar markets
Acquisition • 25%
Divestiture • 25%
Spin-off • 25%
No major move • 25%
Moves up in ranking • 25%
Remains the same • 25%
Moves down in ranking • 25%
Ranking data unavailable • 25%
Renewable energy company • 25%
Technology company • 25%
Industrial equipment company • 25%
Other • 25%
Aerospace business separated • 25%
Aerospace business retained • 25%
Aerospace business sold • 25%
Other outcome • 25%
Yes • 50%
No • 50%
Top 3 • 25%
Top 5 • 25%
Top 10 • 25%
Outside Top 10 • 25%
Major restructuring announced • 25%
Significant layoffs or cost-cutting measures • 25%
New strategic partnerships or acquisitions • 25%
Other • 25%
Outperforms peers • 25%
Performs on par with peers • 25%
Underperforms peers • 25%
Performance data unavailable • 25%