Solstice ends Element merger and authorizes $500 million share buyback
Filed with the SEC on · Summarized by InvestorsBot
Solstice Advanced Materials and Element Solutions mutually terminated their merger agreement on August 27, 2026, with no termination fees payable; related financing commitments and a voting agreement also ended. Solstice authorized repurchases of up to $500 million of common stock, funded with cash on hand and operating cash flow, and reaffirmed 2026 guidance for net sales of $4.125 billion-$4.185 billion, adjusted EBITDA of $1.035 billion-$1.055 billion and adjusted diluted EPS of $2.75-$2.95.