Solstice and Element Solutions End Merger; Solstice Authorizes $500 Million Buyback
Filed with the SEC on · Summarized by InvestorsBot
Solstice Advanced Materials and Element Solutions mutually terminated their agreement on August 27, 2026, with no termination fees payable by either party. Solstice authorized up to $500 million in share repurchases and reaffirmed 2026 guidance for net sales of $4.125 billion to $4.185 billion, adjusted EBITDA of $1.035 billion to $1.055 billion, adjusted diluted EPS of $2.75 to $2.95, and capital expenditures of $420 million to $440 million.