Solstice Advanced Materials Shares Rise 2% Overnight
Shares climbed 2% overnight amid a report that activist investor Starboard Value built a stake and is pushing for a turnaround, including $100 million in cost cuts. The fund also sees upside in the company’s nuclear business.
Solstice Advanced Materials (SOLS) shares gained 2% overnight. Activist investor Starboard Value has reportedly built a stake and is pressing for a turnaround that includes $100 million in cost cuts. Starboard also sees potential in Solstice’s nuclear business, amid interest fueled by AI-related electricity demand.