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Honeywell spinoff Solstice to buy Element Solutions for $14.5 billion
Reuters30d agobullish
Honeywell spinoff Solstice to buy Element Solutions for $14.5 billion

Honeywell 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.