A Honeywell (HON) spokesperson said in a statement to Bloomberg that the company “welcomes” investor feedback as its continues to execute a disciplined strategy of sustainable growth, portfolio optimization and capital deployment. “Although Elliott had not made us aware of their views prior to today, we look forward to engaging with the firm to obtain their input,” the spokesperson said. Elliott Management earlier today confirmed a $5B+ stake in Honeywell and is urging the “simplification” of Honeywell’s conglomerate structure. Shares of Honeywell are up 5.3% in early trading to $237.18.
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