Activist investor Elliott Investment Management stated in a letter addressed to Honeywell’s Board of Directors that it wants Honeywell International Inc. to spin-off its Aerospace Technologies business.

In early trading, the industrial conglomerate’s stock hit $242.77, for a gain of almost 8%, after activist investor Elliott Investment Management disclosed a $5 billion stake in the company. Shares closed up 3.

The push comes as new Honeywell CEO Vimal Kapur has led an aggressive repositioning with mergers, acquisitions and spinoffs.

Zach Bryan has finally gotten some good news. The country singer, 28, will not face charges stemming from his arrest for obstruction last year. Craig County, Oklahoma District Attorney’s Office spokesperson Michelle Lowry told TMZ on Thursday that prosecutors agreed in May to defer filing charges against Bryan for a period of 6 months.

From July 2023 until a couple of weeks ago, country rock phenom Zach Bryan and podcaster Brianna LaPaglia, the Barstool Sports podcaster known as Brianna Chickenfry, were the royal couple of the sports-betting,