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Story summary
- Solstice Advanced Materials announced a cash-and-stock acquisition of Element Solutions valued at $14.5 billion.
- The deal gives Element shareholders $10 cash plus 0.500 Solstice shares per share, a 15% premium, 44% ownership and a $4.7 billion loan from Goldman Sachs to fund the cash portion.
- Solstice expects 2025 net sales of $6.8 billion, a 26% EBITDA margin and $180 million synergies.
- Solstice's shares fell 15% to $68.53 while Element shares dropped 3% to $42.40.
