Solstice CEO defends its $14.5B acquisition after the stock plunges 15%

Solstice CEO David Sewell announced the company's acquisition of Element Solutions and stated the combined entity will create a supplier of advanced materials. Solstice stock declined 15 percent following the announcement of the $14.5 billion acquisition. The deal was valued at $14.5 billion according to Solstice's announcement.

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