Activist Starboard Targets Honeywell Spin-Off Solstice, Pushes Sharper Focus and Overhead Cuts
Starboard Value builds stake in Solstice Advanced Materials, urging focus on refrigerants and nuclear businesses plus $100M overhead cuts.
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$14.5 Billion Solstice–Element Merger Ends After Shareholder Pushback
Solstice OKs a $500M buyback and reaffirms 2026 guidance.
Solstice to Acquire Element Solutions for $14.5B to Strengthen AI and Semiconductor Position
The acquisition strengthens its position in AI, semiconductors, and advanced materials. Expected to close in H1 2027.
Honeywell Slashes Outlook Amid Spin-Off and Legal Troubles
Honeywell restructures into 4 segments, excludes Advanced Materials from operations, and revises 2025 guidance to $37.5-37.7B sales.