BRIEF-Solstice To Buy Element Solutions In $14.5 Billion Cash-And-Stock Deal

Solstice Advanced Materials, Inc.
Element Solutions Inc

Solstice Advanced Materials, Inc.

SOLS

0.00

Element Solutions Inc

ESI

0.00

July 6 (Reuters) - Solstice:

  • SOLSTICE: ELEMENT SHAREHOLDERS TO RECEIVE $10 CASH AND 0.5 SOLSTICE SHARES PER ELEMENT SHARE

  • SOLSTICE ADVANCED MATERIALS TO ACQUIRE ELEMENT SOLUTIONS, CREATING AN INDUSTRY-LEADING ADVANCED MATERIALS PLATFORM ALIGNED TO SERVING ATTRACTIVE SECULAR GROWTH MARKETS

  • SOLSTICE TO BUY ELEMENT SOLUTIONS IN $14.5 BILLION CASH-AND-STOCK DEAL

  • SOLSTICE: ELEMENT SHAREHOLDERS TO OWN 44% OF COMBINED COMPANY UPON CLOSING

  • SOLSTICE ADVANCED MATERIALS : DEAL EXPECTED TO BE ACCRETIVE TO SALES GROWTH AND ADJUSTED EPS IN YEAR ONE

  • SOLSTICE: EXPECTS OVER $180 MILLION NET SYNERGIES BY THIRD YEAR POST-CLOSE

  • SOLSTICE ADVANCED MATERIALS: SECURED FULLY COMMITTED FINANCING FOR TRANSACTION IN FORM OF INITIAL $4.7 BILLION BRIDGE COMMITMENT FROM GOLDMAN SACHS

  • SOLSTICE : UPON CLOSING, COMBINED CO TO OPERATE AS SOLSTICE, DAVID SEWELL TO SERVE AS PRESIDENT CEO OF COMBINED CO

Source text: [ID:]

Further company coverage: ESI.N


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