Element Solutions to Acquire Company for $1.05 Billion

TL;DR

Element Solutions buying a company for $1.05B, closing Q4 2024.

AI Summary

Element Solutions Inc. announced on June 11, 2024, that it has entered into a definitive agreement to acquire a company for $1.05 billion. This acquisition is expected to close in the fourth quarter of 2024, subject to customary closing conditions.

Why It Matters

This significant acquisition by Element Solutions Inc. could expand its market presence and product offerings, potentially impacting its competitive landscape and future financial performance.

Risk Assessment

Risk Level: medium — The acquisition is subject to customary closing conditions, introducing a degree of uncertainty regarding its completion.

Key Numbers

• $1.05B — Acquisition Price (Element Solutions Inc. is acquiring a company for this amount.)
• Q4 2024 — Expected Closing (The acquisition is anticipated to be completed by the end of the year.)

Key Players & Entities

• Element Solutions Inc (company) — Registrant
• $1.05 billion (dollar_amount) — Acquisition price
• June 11, 2024 (date) — Announcement date
• fourth quarter of 2024 (date) — Expected closing period

FAQ

Key Financial Figures

• $0.01 — ich registered Common Stock, par value $0.01 per share ESI New York Stock Exchange

Filing Documents

• esi-20240611.htm (8-K) — 27KB
• esiprupdatedguidance20246.htm (EX-99) — 14KB
• esi-20240611_g1.jpg (GRAPHIC) — 286KB
• image_0a.jpg (GRAPHIC) — 45KB
• 0001590714-24-000125.txt ( ) — 909KB
• esi-20240611.xsd (EX-101.SCH) — 2KB
• esi-20240611_lab.xml (EX-101.LAB) — 23KB
• esi-20240611_pre.xml (EX-101.PRE) — 13KB
• esi-20240611_htm.xml (XML) — 3KB

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure On June 11, 2024, Element Solutions Inc (the "Company") issued a press release announcing increased 2024 financial guidance. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference. The information in this Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1 attached hereto, shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. The information contained in this Item 7.01, including Exhibit 99.1 attached hereto, shall not be incorporated by reference into any filing of the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference to such filing.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. The following exhibits are filed or furnished herewith: Exhibit Number Description 10.1 Press release, dated June 11, 2024 , announcing increased 2024 financial guidance (furnished only) 104 Cover Page Interactive Data File (formatted as Inline XBRL)(furnished only) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ELEMENT SOLUTIONS INC (Registrant) June 11, 2024 /s/ John E. Capps (Date) John E. Capps Executive Vice President, General Counsel and Secretary

View Full Filing

View this 8-K filing on SEC EDGAR