Honeywell Strikes Deal With Activist Investor Elliott, Adds Partner to Board
1. Honeywell and Elliott reached an agreement after activist pressure. 2. An Elliott partner will join Honeywell's board this month. 3. Honeywell plans to split into three public companies by next year. 4. Elliott agreed not to exceed a 4.9% stake in Honeywell. 5. Honeywell shares saw a slight uptick following the announcement.