Solstice To Acquire Element For $10 Per Share In Cash Plus 0.5 SOLS Share At An EV Of ~$14.5B Including The Assumption Of Net Debt

Solstice Advanced Materials (NASDAQ: SOLS ) ("Solstice" or the "Company") and Element Solutions (NYSE: ESI ) ("Element") today announced that they have entered into a definitive agreement for Solstice to acquire Element in a cash-and-stock transaction valued at approximately $14.5 billion, including the assumption of net debt. The transaction represents a significant acceleration of Solstice's strategy to build an industry-leading advanced materials platform with increased exposure to high-growth electronics, AI infrastructure and other attractive end markets. On a combined basis, Solstice and Element would have full year 2025 net sales of approximately $6.8 billion and a 26% adjusted EBITDA margin including run-rate synergies. The combined company is expected to benefit from greater scale, a full suite of offerings for electronics customers, and an attractive set of specialty materia...