M&A
confidence high
sentiment positive
materiality 0.90
Solstice Advanced Materials to acquire Element Solutions for ~$50.10/share, 15% premium
Element Solutions Inc
- Element shareholders receive $10 cash + 0.500 Solstice shares per share, valued at ~$50.10, ~15% premium to July 2 close.
- Combined company pro forma 2025 net sales ~$6.8B, 26% adjusted EBITDA margin including run-rate synergies.
- Expected to close in first half 2027; Solstice secured $4.7B bridge financing from Goldman Sachs.
- Synergies >$180M by year 3; transaction accretive to adjusted EPS in year one; net leverage ~3.5x at close.
- Element shareholders to own ~44% of combined company; David Sewell to be CEO, Ben Gliklich to join board.