08:34 AM EST, 11/12/2024 (MT Newswires) -- Elliott Investment Management has amassed a position in Honeywell International ( HON ) of over $5 billion, Bloomberg reported Tuesday, citing people with knowledge of the matter.

The activist investor is pushing Honeywell ( HON ) to consider a breakup of the company, the people reportedly told Bloomberg, adding that the investment is the largest ever in a single stock by Elliott.

Neither Elliott nor Honeywell ( HON ) immediately replied to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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