Key facts
- Solstice Advanced Materials, a Honeywell spinoff, will acquire Element Solutions.
- The deal is valued at approximately $14.5 billion, including debt.
- The transaction involves a combination of cash and stock.
- Element Solutions shareholders will receive $10.00 cash and 0.500 Solstice shares per share.
- The acquisition is expected to close in the first half of 2027.
Solstice Advanced Materials, a business recently spun off from Honeywell International, has agreed to acquire Element Solutions in a deal valued at approximately $14.5 billion, including debt. The transaction, structured as a cash-and-stock deal, is expected to close in the first half of 2027.
Under the terms of the agreement, Element Solutions shareholders will receive $10.00 in cash and 0.500 shares of Solstice common stock for each share of Element common stock they hold. This combination aims to create a more substantial supplier in the semiconductor manufacturing, electronics, and industrial applications materials sector.
The spin-off of Solstice Advanced Materials from Honeywell was completed recently, with its shares beginning to trade on the Nasdaq Stock Market. Honeywell's Chairman and CEO, Vimal Kapur, stated that the spin-off was a significant step in Honeywell's strategy to operate as three independent companies.