wsj.com

Solstice Advanced Materials and Element Solutions Call Off $12B Merger

Element Solutions logoElement Solutions
Sig2.45Sen-1.24Env0.00Soc0.00Gov+0.18
Solstice Advanced Materials logoSolstice Advanced Materials
Sig3.00Sen+2.22Env0.00Soc0.00Gov+1.82

Solstice Advanced Materials and Element Solutions called off their deal to combine after feedback from their respective shareholders. The merger, announced last month, would have had Solstice buy Element, a specialty-chemicals maker, for more than $12 billion in cash and stock, aiming to expand into high-growth electronics and AI infrastructure markets.

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