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Solstice Advances Materials to acquire Element Solutions in $14.5-billion deal

This article was originally posted on Chemical Engineering Online.
Summary
Solstice Advanced Materials (Morris Plains, N.J.; formerly part of Honeywell) has agreed to acquire Element Solutions Inc. (Fort Lauderdale, Fla.) in a cash-and-stock deal valued at about $14.5 billion, including the assumption of net debt. The transaction is positioned as a major acceleration of Solstice’s strategy.

What opportunities and risks do you see in combining Solstice’s materials portfolio with Element Solutions’ specialties, and how might this reshape competition in specialty chemicals?

Solstice Advanced Materials (Morris Plains, N.J.; formerly part of Honeywell) and Element Solutions Inc. (Fort Lauderdale, Fla.) announced that they have entered into a definitive agreement for Solstice to acquire Element in a cash-and-stock transaction valued at approximately $14.5 billion, including the assumption of net debt. The transaction represents a significant acceleration of Solstice’s strategy […]

The post Solstice Advances Materials to acquire Element Solutions in $14.5-billion deal appeared first on Chemical Engineering.

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