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Activist Starboard Value Builds Stake in Solstice, FT Reports

Source: Bloomberg

Short Interest & ActivismM&A & Restructuring

The Financial Times reported that activist hedge fund Starboard Value has built a stake in Solstice Advanced Materials Inc. The Honeywell spinoff had scrapped a planned $14.5 billion merger with a rival; the report gives no further details on Starboard’s intentions or the merger’s cancellation.

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