Element Solutions to be Acquired by Solstice Advanced Materials in $14.5 Billion Cash and Stock Deal
ESI sits 87% above its 52-week low of $22.63 on elevated volume (5.3× avg).
Summary
Element Solutions Inc announced a definitive agreement to be acquired by Solstice Advanced Materials Inc. for $14.5 billion in a cash and stock transaction, pending shareholder and regulatory approvals.
Key Events · M&A and Partnerships · ESI
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Definitive Merger Agreement
Element Solutions Inc has entered into a definitive Agreement and Plan of Merger to be acquired by Solstice Advanced Materials Inc. for approximately $14.5 billion.
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Merger Consideration
Each Element Solutions common stock share will convert into 0.500 shares of Solstice Common Stock and $10.00 in cash.
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Unanimous Board Approval
The boards of directors of both Element Solutions and Solstice Advanced Materials have unanimously approved the merger agreement.
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Equity Award Treatment
Element Solutions' restricted stock units (RSUs), performance stock units (PSUs), and in-the-money options will convert into Solstice equity awards or cash, with some accelerating vesting.
Analysis · ESI · Industrial Applications And Services
Element Solutions Inc has entered into a definitive merger agreement to be acquired by Solstice Advanced Materials Inc. for approximately $14.5 billion. This all-stock and cash transaction represents a significant premium for Element Solutions shareholders and will result in the company becoming a wholly-owned subsidiary of Solstice. The deal is subject to shareholder and regulatory approvals, with a target closing date by July 6, 2027.
At the time of this filing, ESI was trading at $42.30 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $10.3B. The 52-week trading range was $22.63 to $49.25. This filing was assessed with positive market sentiment and an importance score of 10 out of 10.