M&A
confidence high
sentiment neutral
materiality 0.90
Element Solutions enters merger agreement with Solstice Advanced Materials
Element Solutions Inc
- Each Element Solutions share converts to 0.500 Solstice shares and $10.00 cash.
- Termination fees: Element Solutions pays $376M; Solstice pays $385M or $513M under certain conditions.
- John E. Capps, former EVP and General Counsel, entered a letter agreement for continued entitlements.
- Boards of both companies unanimously approved the merger and transactions.
- Conditions include stockholder approvals, regulatory approvals, and HSR Act waiting period.