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Starboard targets $100m in cost cuts at Honeywell spin-off Solstice

Activist hedge fund Starboard Value has built a substantial stake in Solstice Advanced Materials, pushing the Honeywell spin-off to cut $100m in costs and focus on its core businesses following the…

  • Starboard Value targets $100M in cost cuts at Solstice
  • Hedge fund urges Solstice to focus on core sectors
  • Solstice holds key chemical for uranium enrichment operations

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