Solstice Advanced Materials Inc. entered into a merger agreement with Element Solutions Inc. to acquire it through a two-step merger involving two subsidiaries. Element Solutions stockholders will receive 0.500 shares of Solstice common stock and $10.00 in cash per share. Solstice also secured a $4.685 billion bridge term loan facility from Goldman Sachs to fund the acquisition and refinancing. Solstice Advanced Materials Inc. operates in the specialty chemicals and advanced materials industry.
