纽约，10月20日 —— 激进投资者Starboard Value周二披露了其在霍尼韦尔分拆公司Solstice Advanced Materials的新持股，认为该公司被低估，且需要有人督促管理层对提升股价表现负责。
YORK, Oct 20 - Activist investor Starboard Value on Tuesday unveiled a new stake in Honeywell spin-off Solstice Advanced Materials, arguing the company is undervalued and needs someone to hold management accountable for boosting share price performance.
Starboard管理合伙人兼首席执行官Jeffrey Smith在纽约举行的年度13D Monitor Active-Passive Investor Summit上表示，Solstice的股价“便宜得离谱”。Smith称，Solstice拥有“优秀的业务却被低估”，并将这种折价归因于市场对管理层能否充分发挥核心业务潜力失去了信心。
Solstice is trading "stupid cheap," Starboard managing member and chief executive Jeffrey Smith said at the annual 13D Monitor Active-Passive Investor Summit in New York. Solstice has "great businesses but is undervalued," Smith said, attributing the discount to the market losing faith in management's ability to get the best out of its core business lines.
Smith表示，为改善表现，管理层应聚焦核心制冷剂和核能业务，并在全公司范围内削减约1亿美元成本。Solstice未立即回应置评请求。
To improve performance, management should focus on its core refrigerants and nuclear businesses and cut roughly $100 million in costs across the company, Smith said. Solstice did not immediately respond to a request for comment.
一年前从霍尼韦尔分拆上市后，Solstice股价曾大幅上涨。然而，自6月30日收于历史高点以来，其股价已下跌约30%，部分原因是未能从一项中止的、价值145亿美元收购特种化学品公司Element Solutions的交易中恢复过来。
Spun out of Honeywell a year ago, Solstice initially saw its share price gain significantly. However, it is down roughly 30% since closing at an all-time high on June 30, in part having failed to recover from an aborted $14.5 billion deal to buy specialty chemicals company Element Solutions.
该现金加股票交易于7月6日宣布，旨在让Solstice抓住数据中心和芯片行业不断增长的需求。然而，在双方股东反馈后，两家公司于8月27日取消了协议。
The cash-and-stock deal was announced on July 6, and was billed as a way for Solstice to capitalize on growing demand from data centers and the chip industries. However, following feedback from shareholders on both sides, the companies canceled the agreement on August 27.
Smith还谈到了该公司对Knife River Corp的投资，路透社周一报道称，Starboard已为该公司董事会选举排定了董事候选人。
Smith also discussed the firm's investment in Knife River Corp, where Reuters reported on Monday that Starboard has lined up director candidates for election to the company's board.
周二，Smith表示，该公司“是一个非常有吸引力的收购目标”。自9月公开投资以来，Starboard一直推动Knife River提高利润率。该公司未回应路透社的置评请求。
On Tuesday, Smith said that the company is "a very attractive acquisition target." Since making its investment public in September, Starboard has pushed Knife River to boost its profit margins. The company did not respond to a request for comment from Reuters.