M&A
confidence high
sentiment positive
materiality 0.95
Solstice Advanced Materials to acquire Element Solutions in $14.5B deal
Solstice Advanced Materials Inc.
- Solstice to acquire Element Solutions for ~$50.10/share ($10 cash + 0.5 SOLS shares), a ~15% premium to Element's July 2 close.
- Combined company would have ~$6.8B net sales and 26% adjusted EBITDA margin including run-rate synergies.
- Transaction valued at ~$14.5B including net debt; expected to close in first half 2027, subject to approvals.
- Solstice expects >$180M net synergies by year 3; net leverage ~3.5x at close, targeting below 3x within 18 months.
- David Sewell to remain CEO; Element CEO Ben Gliklich to join board; Element shareholders to own ~44% of combined company.