Solstice Advanced Materials is trading 5.51% higher at €55.16 as activist investor Starboard Value presses for a sharper focus on its businesses.
- Bloomberg and Reuters report Starboard has built a stake worth several hundred million dollars.
- Starboard is urging a focus on the refrigerants and nuclear businesses and about $100 million in overhead cuts.
- No trading-volume information was provided; broader-market context shows no same-direction move large enough to explain the gain.