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Element Solutions Sale Probed for Fair Value
9 Jul
Summary
- Law firm investigates Element Solutions' sale to Solstice.
- Shareholders to receive cash and Solstice common stock.
- Adequacy of offered consideration is being examined.
The former Attorney General of Louisiana and his law firm, Kahn Swick & Foti, LLC (KSF), are investigating the proposed acquisition of Element Solutions Inc. by Solstice Advanced Materials, Inc. This investigation seeks to determine if the terms of the sale are fair to Element's shareholders.
Under the proposed agreement, Element shareholders are slated to receive $10.00 in cash along with 0.500 shares of Solstice common stock for each share they own. Upon completion, Element shareholders are anticipated to hold approximately 44% of the combined entity.
KSF is evaluating the adequacy of the offered consideration and the process leading to this proposal. The firm is particularly interested in whether the proposed compensation undervalues Element Solutions. Shareholders with concerns or those wishing to discuss their legal rights are invited to contact KSF.
