Solstice Advanced Materials and Element Hold Merger Talks to Create $27 Billion Group
businessmergers-acquisitionsrumors 2 posts · 2 accounts
Honeywell spin-off Solstice Advanced Materials is in merger talks with Element to create a combined group valued at $27 billion, according to The Financial Times. The reported discussions represent a potential consolidation move for two companies operating in the chemicals and advanced materials sectors.
The proposed deal would bring together Solstice's engineering materials and Element's high-performance materials businesses. If completed, the transaction would require shareholder approval and regulatory clearance.
From the sources (2 posts)
@firstsquawkSOLSTICE ADVANCED MATERIALS, ELEMENT IN TALKS TO MERGE: FT
@ftHoneywell spin-off in merger talks to create $27bn materials group