M&A
confidence high
sentiment neutral
materiality 0.90
Element Solutions to be acquired by Solstice Advanced Materials for $10 cash + 0.5 share per ESI share
Element Solutions Inc
- Each Element Solutions share to be converted into 0.500 shares of Parent common stock and $10.00 cash.
- Merger structured as two-step transaction: first merger with subsidiary, then surviving corporation merges into another subsidiary.
- Boards of directors of Element Solutions and Solstice Advanced Materials have approved the merger.
- Certain Element Solutions stockholders entered into voting and support agreements to vote in favor of the merger.
- Transaction subject to stockholder approvals, regulatory clearances, and other customary closing conditions.