Honeywell: Shareholders Push Back

Honeywell (NYSE:HON) is the Dan Loeb and his activist hedge fund Third Point target. The company is quietly pushing back against Loeb's push to breakup the industrial company. As I mentioned last month, Honeywell will likely fend off the activist by pushing back against the aerospace unit spinoff. After all, it's in the company's best interest to keep this business and to reap the rewards of its 'investments.'

Gaining momentum for Dan Loeb won't be easy either, as shares continue to hit new all-time highs.

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