Starboard Value acquires stake in Solstice Advanced Materials, claims undervaluation
SOLS Solstice Advanced Materials Inc
$64.99 +3.06%
View chart & analysis → - 1Starboard Value disclosed a new position in Solstice Advanced Materials.
- 2Jeffrey Smith stated that management should reduce Solstice's enterprise-wide costs by approximately $100 million.
- 3He noted a 30% decline in Solstice's share price following an all-time high at the June 30 close.
So what's the key point?
Starboard Value has purchased new shares in Solstice Advanced Materials. The firm claims the stock is undervalued and suggests the company should cut costs by about $100 million.
Source Investing.com · View original ↗
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