Starboard presses Honeywell spin-off Solstice for cost cuts
Activist investor Starboard targeted Honeywell spin-off Solstice after an unsuccessful megadeal, the Financial Times reported. The fund called for about $100 million in cost reductions and argued that the company's nuclear business could grow as artificial-intelligence infrastructure increases electricity demand. The RSS report did not describe Solstice's response.
Why it matters
The campaign puts immediate pressure on a new public company to turn AI-linked power demand into shareholder returns.
Sources
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Part of the October 20, 2026 brief.