Jim Cramer on Solstice and Element Solutions Deal: “It’s a Good, Good, Good Deal”

Solstice Advanced Materials, Inc. (NASDAQ:SOLS) was among the stocks Jim Cramer discussed during Mad Money, as he called the growing wave of stock offerings and debt issuance a threat to the bull market. Cramer commented on the company’s planned acquisition, as he remarked:

When a company I really liked, Solstice Advanced Materials, was spun out of Honeywell last fall, the stock initially fell from $53 on the first day of regular-weight trading down to $40 and change a few weeks later. Then Solstice found some traction and embarked on a fantastic rally, climbing all the way to $90 and change in recent weeks before plummeting back to the $60s after we learned they’re acquiring Element Solutions. I thought that was wrong. It’s a good, good, good deal. The market seemed to hate it. I disagree. But even after the recent decline, Solstice is still up huge from that low.

Photo by Nicholas Cappello on Unsplash

Solstice Advanced Materials, Inc. (NASDAQ:SOLS) is a specialty materials company that provides solutions for applications in refrigerants, semiconductor manufacturing, data center cooling, alternative energy, protective fibers, and healthcare packaging.

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