Cramer Backs Megamerger
Reacting to financial reports of a $27 billion tie-up, Cramer stated that shares of both companies could “go higher” because the combination “would create a chemical tech powerhouse.” He ultimately labeled the ongoing negotiations a “really smart deal.”
Inside The $27 Billion Talks
The Financial Times reported that Solstice is in advanced discussions to merge with Element Solutions in a transaction valued at approximately $27 billion, including debt.
Their sources indicated that the entities are discussing a “merger of equals.” The final deal is expected to be “mostly stock-based with some cash” and could come together as soon as this week. However, insiders noted that no formal agreement has been reached and negotiations could still collapse.
