Solstice Advanced Materials has struck a deal to buy specialty chemicals maker Element Solutions for more than $12 billion in cash and stock.
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Solstice Advanced Materials to Buy Element Solutions for More Than $12 BillionReuters30d agobullish
Honeywell spinoff Solstice to buy Element Solutions for $14.5 billionHoneywell spinoff Solstice Advanced Materials said on Monday it will buy Element Solutions at about $14.5 billion, including debt, in a cash-and-stock deal. The deal comes less than a year after Solstice completed its spin-off from industrial conglomerate Honeywell International. The combination would create a larger supplier of materials used in semiconductor manufacturing, electronics and industrial applications.