Activist Trian has a few levers to pull to build shareholder value at Solventum [Video]

Business: Solventum, formerly known as 3M Health Care, is a global health-care company that was spun out from 3M on April 1. It has four main segments. First, there is Medical Surgical, a provider of solutions including advanced wound care, sterilization assurance, temperature management, surgical supplies, stethoscopes and medical electrodes. There is the Dental Solutions segment, which provides dental and orthodontic products and bonding agents that span the life of the tooth. The Health Information Systems segment provides health-care systems with software solutions, including computer-assisted physician documentation, direct-to-bill and coding automation, speech recognition and data visualization platforms. Finally, the Purification and Filtration segment offers filters, purifiers, cartridges and membranes.

Stock Market Value: $9.95B ($57.63 per share)

Percentage Ownership:  n/a

Average Cost: n/a

Activist Commentary:Trian runs a concentrated portfolio of eight to 10 mid- to mega-cap, publicly traded companies where it actively engages with company management with the goal of …