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What will be the outcome of Elliott's push for Honeywell breakup by end of 2025?
2
Resolution / Starting Odds
Honeywell splits into two entities • 25%
Honeywell remains a single entity • 25%
Honeywell merges with another company • 25%
Other restructuring outcome • 25%
Official announcements from Honeywell or major financial news outlets like Bloomberg or Reuters
Story
Elliott's Largest-Ever $5 Billion Stake in Honeywell Pushes for Breakup; Shares Surge 9%
Nov 12, 2024, 02:15 PM
Elliott Investment Management has amassed a stake exceeding $5 billion in Honeywell International Inc., marking its largest investment ever in a single company. The activist hedge fund is urging the $164 billion industrial conglomerate to consider splitting into two standalone entities: one focusing on aerospace and the other on automation. Elliott predicts that such a breakup could increase Honeywell's share price by 51% to 75% over the next two years. Following reports of Elliott's stake and proposed restructuring, Honeywell's shares surged up to 9.2% in pre-market trading, reaching record territory. The hedge fund notes that Honeywell's stock has lagged behind its peers over the past five years and believes that a separation would unlock significant shareholder value.
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Aerospace and Automation split • 25%
Only Aerospace split • 25%
Only Automation split • 25%
No split • 25%
Full breakup • 25%
Partial restructuring • 25%
No restructuring • 25%
Other outcome • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Aerospace business separated • 25%
Aerospace business retained • 25%
Aerospace business sold • 25%
Other outcome • 25%
All 10 directors nominated by Elliott are accepted • 25%
Some directors nominated by Elliott are accepted • 25%
No directors nominated by Elliott are accepted • 25%
Other outcome • 25%
Acquisition • 25%
Divestiture • 25%
Spin-off • 25%
No major move • 25%
Elliott replaces all proposed members • 25%
Elliott replaces some members • 25%
Elliott replaces no members • 25%
Settlement reached with no replacements • 25%
