From Investing.com: 2024-11-15 13:26:27

Diversified conglomerates are breaking apart, with spinoff shares surging. Elliott Investment pushes for Honeywell to follow suit, predicting a 51-75% increase in shares with a breakup. GE’s aerospace unit shares rose 35% post-split, while Carrier and Otis shares have more than doubled and quadrupled respectively since their breakup in April 2020. Honeywell CEO Vimal Kapur aims to turn the company around with smaller deals. Honeywell’s current value is around $150 billion, with potential to reach $300 per share by 2026 with a spinoff, according to Tony Bancroft of Gabelli Funds.



Read more at Investing.com: would a split pay off? By Reuters