Solstice Advanced Materials Acquires Element Solutions in $14.5 Billion Deal
Solstice Advanced Materials (NASDAQ:SOLS) agreed to acquire Element Solutions (NYSE:ESI) for approximately $14.5 billion through a cash-and-stock transaction, offering shareholders $10 in cash and 0.5 shares of Solstice per share. The deal is expected to close by mid-2027 after regulatory approvals and aims to create a global leader in advanced materials catering to AI, computing, and data center demand.
Topics: Advanced materials AI demand Semiconductors Thermal management