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00:02Solstice Advanced Materials agreed to acquire element solutions in a cash and stock transaction
00:07valued at about $14.5 billion, including assumed net debt. The deal expands Solstice's presence
00:14in electronics, AI infrastructure, and specialty materials markets. The combined company would have
00:20full-year 2025 net sales of about $6.8 billion and an adjusted EBITDA margin of 26%,
00:27including run rate synergies. Solstice expects the acquisition to boost sales growth and adjusted
00:33EPS in the first year after closing. Element shareholders will receive $10 in cash and
00:390.500 Solstice shares for each element share. The offer values element at about $50.10 per share,
00:48a roughly 15% premium. Solstice expects more than $180 million in annual net synergies by the third
00:55year after closing. The companies expect the deal to close in the first half of 2027,
01:00subject to shareholder and regulatory approvals. Solstice Advanced shares were down 14.53%
01:06at $68.53, and Element Solutions shares were down 2.84% at $42.40 at the time of publication
01:15on
01:16Monday, according to Benzinga ProData. For all things money, visit Benzinga.com.
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