M&A
confidence high
sentiment neutral
materiality 0.90
Solstice Advanced Materials enters merger agreement to acquire Element Solutions for $10 cash + 0.5 shares per share
Solstice Advanced Materials Inc.
- Each Element Solutions share converted into 0.500 Solstice shares plus $10 cash; total consideration includes stock and cash.
- Solstice obtained $4.685B bridge loan commitment from Goldman Sachs to fund cash portion and refinance Element Solutions debt.
- Termination fees: Element Solutions pays $376M; Solstice pays $385M or up to $513M depending on circumstances.
- Solstice entered voting agreement with Sir Martin E. Franklin to vote in favor of the merger.
- Merger expected to close by July 6, 2027, subject to stockholder and regulatory approvals.