News·October 19, 2026 at 9:00 PM EDT·2 sources
Activist Starboard targets Honeywell spin-off Solstice after failed megadeal
Outlets covering it2 in 2 hours
Oct 20, 1 AMOct 20, 2 AM
What happened
- Activist investor Starboard is targeting Solstice, a Honeywell spin-off, after Honeywell’s failed megadeal.
- Starboard is pushing for $100mn in cost cuts and sees growth potential in Solstice’s nuclear business as AI increases power demand.
Proposed cost cuts
$100mn
Why it matters
The campaign could affect Solstice’s strategy, operating costs and positioning in nuclear-related markets, with implications for corporate finance and activist investors.
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Timeline
- First reported by Financial TimesOct 20Activist Starboard targets Honeywell spin-off Solstice after failed megadeal
- Bloomberg reportsOct 20Activist Starboard Value Builds Stake in Solstice, FT Reports
Who is involved
Activist Starboard targets Honeywell spin-off Solstice after …StarboardHoneywellSolstice
InvestorCompany
Sources (2)
- Financial TimesOct 20Activist Starboard targets Honeywell spin-off Solstice after failed megadeal
- BloombergOct 20Activist Starboard Value Builds Stake in Solstice, FT Reports
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