Honeywell spin-off Solstice in talks to merge with chemicals company Element Solutions, FT reports
Honeywell spin-off Solstice in talks to merge with chemicals company Element Solutions, FT reports July 6 (Reuters) - Solstice Advanced Materials SOLS.O, which was spun off from Honeywell HON.O last year, is in talks to merge with chemicals company Element Solutions ESI.N, the Financial Times reported on Monday.
The deal could create a combined group worth $27 billion, the FT added.
Reuters could not immediately verify the report.
(Reporting by Sumedha Mukherjee in Bengaluru; Editing by Subhranshu Sahu)
Recent news on Solstice Advanced Materials
See all newsUS STOCKS ON THE MOVE-Hilton, MSCI, Tradeweb, Eli Lilly
Starboard's Smith unveils stake in Solstice, presses for improvements (updated)
US STOCKS ON THE MOVE-Hilton, MSCI, Tradeweb, Eli Lilly
Starboard's Smith unveils stake in Solstice, presses for improvements
U.S. STOCKS ON THE MOVE-Vicor, Equifax, American Electric Power