Reading the Elliott letter again, they reference “the spin-offs of OTIS and CARR from UTX,” and note that those companies were further broken up afterward. That suggests they may continue pushing to divide Honeywell into smaller units as well.
I’m not sure whether IGS and PSS are part of this trend, but there are some indications that the restructuring may not stop with the remaining company.
If the logic stands for spinning off AERO, there's no reason the rest would be held together. However, is it VK ego to build it back up? He seemed blindsided by Elliot right when he released his "megatrends".
Exactly what I’ve been telling people. This has been planned a long time ago. Before it was public knowledge that Elliot management had a significant stake in Honeywell.
Some of the signs I’ve been seeing really suggest to me. Definitely some consolidations billings in the cards.
Yes. The lack of focus in strategy for the RemainCo and inaction makes me feel that something must be cooking. These are not stupid people and they must have some plan in mind.