Element Solutions Slides as Solstice Deal Value Drops With Acquirer Shares

Element Solutions (ESI) is down 8.3% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is the market’s reaction to Element Solutions agreeing to be acquired by Solstice Advanced Materials in a cash-and-stock deal announced on July 6, 2026. Because half of the consideration is tied to Solstice shares, the sharp drop in Solstice stock today appears to have reduced the market value of what Element holders would receive, pulling ESI lower as merger-arbitrage investors repriced the deal.

Details:

Element Solutions and Solstice announced a definitive merger agreement under which ESI holders would receive $10.00 in cash plus 0.500 shares of Solstice for each Element share.

The companies described the transaction as worth about $14.5 billion including net debt, with implied value of about $50.10 per Element share based on Solstice’s price before the announcement.

Solstice shares were down roughly 9.9% on July 7, 2026, which materially lowered the stock portion of the offer and likely reduced the effective takeover value available to Element shareholders.

This could also be because investors are applying a normal deal spread for closing risk, since the acquisition still needs shareholder and regulatory approvals and is expected to close in the first half of 2027.

Sources:

Solstice Advanced Materials, SEC, Finance Tool

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$ESI Insider Trading Activity

$ESI insiders have traded $ESI stock on the open market 5 times in the past 6 months. Of those trades, 0 have been purchases and 5 have been sales.

Here’s a breakdown of recent trading of $ESI stock by insiders over the last 6 months:

E STANLEY ONEAL has made 0 purchases and 3 sales selling 200,641 shares for an estimated $7,126,768.
BENJAMIN GLIKLICH (CEO) sold 170,000 shares for an estimated $6,340,999
CAREY J. DORMAN (Pdt Enterprise Ops and CFO) sold 97,500 shares for an estimated $3,399,824

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$ESI Hedge Fund Activity

We have seen 220 institutional investors add shares of $ESI stock to their portfolio, and 170 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

FMR LLC added 3,361,868 shares (+19.4%) to their portfolio in Q1 2026, for an estimated $114,774,173
FIL LTD added 2,990,708 shares (+58.8%) to their portfolio in Q1 2026, for an estimated $102,102,771
LORD, ABBETT & CO. LLC added 1,913,678 shares (+597.1%) to their portfolio in Q1 2026, for an estimated $65,332,966
JAIN GLOBAL LLC removed 1,875,035 shares (-88.1%) from their portfolio in Q1 2026, for an estimated $64,013,694
ALLIANCEBERNSTEIN L.P. added 1,572,463 shares (+45.2%) to their portfolio in Q1 2026, for an estimated $53,683,886
GATES CAPITAL MANAGEMENT, INC. removed 1,503,920 shares (-33.0%) from their portfolio in Q1 2026, for an estimated $51,343,828
NEUBERGER BERMAN GROUP LLC removed 1,406,979 shares (-15.0%) from their portfolio in Q1 2026, for an estimated $48,034,263

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$ESI Analyst Ratings

Wall Street analysts have issued reports on $ESI in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

UBS issued a "Buy" rating on 01/12/2026

To track analyst ratings and price targets for $ESI, check out Quiver Quantitative's $ESI forecast page.

$ESI Price Targets

Multiple analysts have issued price targets for $ESI recently. We have seen 8 analysts offer price targets for $ESI in the last 6 months, with a median target of $44.0.

Here are some recent targets:

Bhavesh Lodaya from BMO Capital set a target price of $50.0 on 07/06/2026
John Roberts from Mizuho set a target price of $54.0 on 07/01/2026
Keith Mackey from RBC Capital set a target price of $4.25 on 05/11/2026
Peter Osterland from Truist Securities set a target price of $47.0 on 04/30/2026
Joshua Spector from UBS set a target price of $52.0 on 04/30/2026
David Silver from Freedom Capital Markets set a target price of $41.0 on 03/27/2026
Aleksey Yefremov from Keybanc set a target price of $36.0 on 02/19/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.