Activist investor Nelson Peltz acquires stake in 3M subsidiary

Nelson Peltz, a well-known activist investor, through his investment firm Trian Fund Management, has acquired a stake in Solventum Corp., which was formed as a separate public company after a spin-off from 3M Co.

Trian thus became one of the largest shareholders in the company, which currently has a market value of about $9.4 billion, a Trian representative said in an emailed statement, confirming a Bloomberg report. The size of the stake that Trian owns has not yet been specified.

Trian, based in New York, has reached out to Solventum to discuss ways to increase shareholder value. The activist investor believes the company should re-accelerate organic growth, restore margins and consider simplifying its portfolio through asset sales, Trian said.

"Trian looks forward to a constructive dialogue with Solventum's management and board of directors," the statement said.

According to informed sources who wished to remain anonymous, Trian believes the proposed changes will allow the company to…

Read the full article for free?
Go ahead 👇

Do you have an account? Then log in . Or create a new one .

No comments yet
Don't have an account? Join us

Log in to Bulios


Or use email and password
Already a member? Log in

Create Bulios profile

Continue with

Or use email and password
You can use lowercase letters, numbers, and underscores

Why Bulios?

One of the fastest growing investor communities in Europe

Comprehensive data on thousands of stocks from around the world

Current information from global markets and individual companies

Education and exchange of investment experience among investors

Fair prices, portfolio tracker, stock screener and other tools

Menu StockBot
Tracker
Upgrade