Solstice (SOLS) buys Element Solutions (ESI) for $14.5B. Stock drops post-announcement. Get the full cash-and-stock deal details.

Honeywell spinoff Solstice is in talks to merge with Element Solutions in a deal that would create a $27bn specialty-materials group, the FT reports.

Solstice Advanced Materials to Acquire Element Solutions, Creating an Industry-Leading Advanced Materials Platform Aligned to Serving Attractive Secular Growth Markets