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Solstice Advanced Materials sees Element Solutions giving it "increased exposure" to the AI boom. The Honeywell spinoff tumbled on the news.

CNBC’s Jim Cramer strongly endorsed a potential merger between Honeywell International‘s (NASDAQ:HON) spinoff Solstice Advanced Materials Inc. (NASDAQ:SOLS) and Element Solutions Inc. (NYSE:ESI) on Monday. Cramer Backs Megamerger Reacting to financial reports of a $27 billion tie-up, Cramer stated that shares of both companies could “go higher” because the combination “would create a chemical tech powerhouse.” He ultimately labeled the ongoing negotiations a “really smart deal.” Solstice to merg

Merger Discussions Could Create Major Specialty Chemicals GroupSolstice Advanced Materials (NASDAQ:SOLS), the specialty chemicals business spun off from Honeywell (NASDAQ:HON), is reportedly in discussions to merge with Element Solutions Inc (NYSE:ESI) in a transaction that would value the combined company at approximately $27 billion in enterprise value, according to the Financial Times. People familiar with the matter told the publication that the companies are negotiating a merger of equals a

Honeywell spinoff Solstice Advanced Materials is in talks to merge with Element Solutions in a deal ‌that could create a chemicals company valued at about $27 ‌billion including debt, the Financial Times reported on Monday. The talks happen as both ​companies seek to capitalize on growing demand for specialty chemicals used in AI data centers and semiconductor manufacturing. Solstice and Element Solutions are discussing a merger of equals and a deal, likely to be ‌mostly stock with ⁠some cash, could come together as soon as this week, the FT report said, citing people familiar ⁠with the talks.

Honeywell spin-off Solstice Advanced Materials is in talks to merge with Element Solutions, potentially striking a deal that would create a ...

The conglomerate expects full-year adjusted EPS of $10.35 to $10.65 and revenue of $38.8 billion to $39.8 billion as it nears a 3-way breakup