Solstice Advanced Materials Inc. (NASDAQ:SOLS) is one of the 10 Stocks Investors Are Running Away From.
Solstice extended its losing streak to a fourth consecutive day on Tuesday, slashing 8.74 percent to close at $62.10 apiece, as investors turned sour on its plan to acquire Element Solutions for $14.5 billion.
In a statement on the same day, the company said that it entered into a definitive agreement with Element for their planned merger in a cash-and-stock transaction for the said amount, including the **** umption of net debt.
Photo by Tima Miroshnichenko on Pexels
However, investors appeared lukewarm to the plan, selling off positions to slash Solstice Advanced Materials Inc.'s (NASDAQ:SOLS) share prices by as much as 11 percent in intra-day trading.
Solstice extended its losing streak to a fourth consecutive day on Tuesday, slashing 8.74 percent to close at $62.10 apiece, as investors turned sour on its plan to acquire Element Solutions for $14.5 billion.
In a statement on the same day, the company said that it entered into a definitive agreement with Element for their planned merger in a cash-and-stock transaction for the said amount, including the **** umption of net debt.
Photo by Tima Miroshnichenko on Pexels
However, investors appeared lukewarm to the plan, selling off positions to slash Solstice Advanced Materials Inc.'s (NASDAQ:SOLS) share prices by as much as 11 percent in intra-day trading.
2 months ago
