Trian Calls on Solventum's Board to Create Value; Publishes Open Letter and Slide Deck

Trian Fund Management, which owns nearly 5% of Solventum, published an open letter criticizing the company's post-spin-off performance and urging the Board to take immediate action to drive shareholder value. The activist firm argued that the spin-out from 3M erased $13 billion in shareholder value relative to projections and highlighted that the CEO received over $80 million in compensation in just over two years amidst a stagnant stock price.

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