Solstice Advanced Materials announced that it will acquire Element Solutions for over $12 billion through a combination of cash and stock, with an overall valuation of approximately $14.5 billion (including debt). Under the agreement, Element shareholders will receive $10 in cash and 0.5 shares of new Solstice stock per share, corresponding to a valuation of $50.10 per share, representing a premium of about 15% over its closing price last Thursday. This acquisition aims to accelerate Solstice's construction of an integrated advanced materials platform and expand its presence in high-growth sectors such as the electronics industry, AI computing infrastructure, thermal management, and data center liquid cooling. Element's expertise in electronic chemicals and technical services will complement Solstice, with the combined company expected to generate total revenue of $6.8 billion. Element's original shareholders will hold approximately 44% of the new company. The transaction is expected to be completed in the first half of 2027, with Solstice financing the cash portion through its own funds and a $4.7 billion bridge loan provided by Goldman Sachs.