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Earnings from Schneider Electric and several other companies beyond Microsoft can give nervous investors some comfort about the direction of the AI trade.
Solstice Advanced Materials has struck a deal to buy specialty chemicals maker Element Solutions for more than $12 billion in cash and stock. Solstice, which was recently spun out of Honeywell, said the deal values Element at roughly 15% premium to Thursday’s closing price of $43.
Honeywell International is entering the final stages of a multiyear restructuring that will carve the industrial conglomerate into three publicly traded companies.
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