India, July 6 -- Solstice Advanced Materials Inc.(SOLS), an American specialty materials company, said on Monday that it has inked a deal to acquire Element Solutions Inc.(ESI), a chemical company, for $14.5 billion in cash-and-share, including the assumption of net debt.
The acquisition is expected to boost sales and adjusted earnings per share of the acquirer in one year post-close.
David Sewell, CEO of Solstice, said: "Element brings highly complementary capabilities, deep customer relationships.Together, we expect Element and Solstice to be extremely well positioned to deliver on our customers' growing requirements for signal integrity, thermal management, reliability, and performance."
Under the terms, ESI shareholders will receive ...