Solstice Advanced Materials to Acquire Element Solutions in $14.5 Billion Deal

Solstice Advanced Materials (SOLS) has agreed to acquire specialty chemicals technology firm Element Solutions (ESI) in a deal worth $14.5 billion, strengthening Solstice's electronics platform and its exposure to artificial intelligence infrastructure. Shareholders of Element Solutions will receive $10 in cash and 0.5 of Solstice's shares, representing about $50.10 per Element share, the companies said in a joint statement Monday. The implied consideration reflects a premium of roughly 15% to Element Solutions' closing share price on July 2. Shares of Solstice tumbled 14% in Monday trade, while those of Element Solutions were down 2.3%. "This transaction allows us to amplify our transformational growth in electronics while building on the strength of Solstice's existing businesses," Solstice Chief Executive David Sewell said in the statement. "Together, we aim to create a higher growth, higher margin advanced materials leader with greater global reach." Element Solutions' capabilities complement Solstice's electronics growth strategy, better positioning the combined company to serve customers across semiconductor fabrication, advanced packaging and assembly. The.