Activist hedge fund Starboard Value has built a stake in Solstice Advanced Materials (SOLS), the Financial Times reported, few weeks after the company’s $14.5B merger with Element Solutions was scrapped on August 27. Solstice, which was spun off from Honeywell, was valued at $9.4 billion
Michael Vi
Starboard Value sees significant upside in Skyworks Solutions (SWKS), viewing the chipmaker as undervalued following its acquisition of Qorvo (QRVO), Bloomberg reported, citing people familiar with the matter.
The activist investor sees potential value in the companies’ complementary product portfolios and merger-related cost