Activist Trian sends letter to Solventum holders, CNBC reports
Nelson Peltz’s Trian Partners sent a letter to the shareholders of Solventum (SOLV), saying the company trades at a discount to peers and 3M (MMM), Scott Wapner of CNBC reports. Trian believes the stock could be worth up to $140 per share, according to CNBC. Following the on-air report, shares of Solventum are up 1% to $70.18.
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Read More on SOLV:
- Trian sends letter to Solventum holders, says shares undervalued, CNBC says
- Solventum jumps 2% to $70.74 after CNBC report of Trian letter
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