UPDATE 1-Honeywell spin-off Solstice in talks to merge with chemicals company Element Solutions, FT reports

Solstice Advanced Materials, Inc.
Honeywell Technologies Inc.
Element Solutions Inc

Solstice Advanced Materials, Inc.

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Honeywell Technologies Inc.

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Element Solutions Inc

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Adds details from FT report in paragraph 2; market valuation of firms in paragraph 4

July 6 (Reuters) - Solstice Advanced Materials SOLS.O, which was spun off from Honeywell HON.O last year, is in talks to merge with chemicals company Element Solutions ESI.N, the Financial Times reported on Monday.

The two companies are discussing a merger of equals and a deal could create a combined firm valued at about $27 billion, including debt, the report said, citing people familiar with the talks.

Reuters could not immediately verify the report. Solstice Advanced Materials and Element Solutions did not immediately respond to Reuters requests for comment.

Solstice Advanced Materials has a market value of about $12.73 billion, while Element Solutions is valued at $10.63 billion, according to LSEG data.


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