Element Solutions Inc to be Acquired by Solstice Advanced Materials in $14.5 Billion Cash and Stock Merger

summarizeSummary

Element Solutions Inc announced a definitive agreement to be acquired by Solstice Advanced Materials Inc. for approximately $14.5 billion in a cash and stock transaction, unanimously approved by both boards.

check_boxKey Events · M&A and Partnerships · ESI

• Definitive Merger Agreement

  Element Solutions Inc has entered into a definitive Agreement and Plan of Merger with Solstice Advanced Materials Inc., under which Solstice will acquire Element Solutions.

• Merger Consideration

  Each share of Element Solutions common stock will be converted into the right to receive 0.500 shares of Solstice Common Stock and $10.00 in cash.

• Unanimous Board Approval

  The boards of directors of both Solstice Advanced Materials Inc. and Element Solutions Inc. have unanimously approved the Merger Agreement and the transactions.

• Equity Award Treatment

  Certain restricted stock units (RSUs) and performance stock units (PSUs) will accelerate and vest, converting into the merger consideration. Other unvested awards will be assumed by Solstice and converted into new Solstice awards, with accelerated vesting under specific termination conditions. In-the-money options will also convert to merger consideration, while out-of-the-money options will be canceled.

auto_awesomeAnalysis · ESI · Industrial Applications And Services

Element Solutions Inc has entered into a definitive agreement to be acquired by Solstice Advanced Materials Inc. This is a major corporate event, fundamentally altering the company's future and providing a clear exit for shareholders. The transaction, valued at $14.5 billion, involves a mix of cash and stock, and has been unanimously approved by both companies' boards of directors. The detailed terms for equity award treatment are also outlined, which is critical for employees and investors holding such instruments.