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What will be the outcome of Elliott's push for Honeywell breakup by November 2025?
2
Resolution / Starting Odds
Aerospace and Automation split • 25%
Only Aerospace split • 25%
Only Automation split • 25%
No split • 25%
Official announcements from Honeywell or credible financial news sources
Story
Honeywell Shares Surge as Elliott Builds $5 Billion Stake, Urges Breakup of Aerospace and Automation Units
Nov 12, 2024, 01:35 PM
Activist investor Elliott Management has amassed a stake exceeding $5 billion in Honeywell International Inc., marking its largest investment in a single company. Elliott confirmed the investment and is pushing for Honeywell to consider a breakup, specifically advocating the separation of its aerospace and automation divisions into independent companies, similar to moves by its industrial peers. The firm predicts a 51% to 75% increase in Honeywell's share price over two years following the breakup. Following the news, Honeywell shares jumped as much as 9.2% in pre-market trading, reaching record levels.
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Similar markets
Honeywell splits into two entities • 25%
Honeywell remains a single entity • 25%
Honeywell merges with another company • 25%
Other restructuring outcome • 25%
Full breakup • 25%
Partial restructuring • 25%
No restructuring • 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%
Aerospace business separated • 25%
Aerospace business retained • 25%
Aerospace business sold • 25%
Other outcome • 25%
Elliott replaces all proposed members • 25%
Elliott replaces some members • 25%
Elliott replaces no members • 25%
Settlement reached with no replacements • 25%
Acquisition • 25%
Divestiture • 25%
Spin-off • 25%
No major move • 25%
Elliott wins, replaces all proposed members • 25%
Elliott wins, replaces some members • 25%
Elliott loses, no members replaced • 25%
Compromise reached • 25%