Market Chatter: Solstice Advanced Materials Pressured by Starboard Value Activist Hedge Fund

04:39 AM EDT, 10/20/2026 (MT Newswires) -- Solstice Advanced Materials (SOLS) is under pressure from activist hedge fund Starboard Value to cut costs and boost its share price, the Financial Times reported on Tuesday, citing anonymous sources. Starboard wants Solstice to cut $100 million in overhead and focus on its refrigerants and nuclear businesses. The hedge fund anticipates Solstice's nuclear business, which supplies a key chemical used to enrich uranium, could become more valuable pending a 2028 Washington deadline to halt the import of Russian uranium and rising electricity demands due to artificial intelligence. Starboard's founder and CEO Jeff Smith is expected to provide more detail on his Solstice investment on Tuesday, at the 13D Monitor Active-Passive Investor Summit, an annual meeting of activist investors. Representatives from Solstice and Starboard did not immediately respond to a request for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)