Solstice cancels Element acquisition, announces $500M buyback

SOLS Solstice Advanced Materials Inc

$58.06 +0.62%

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ESI -1.03% HON +0.07%

1. 1Solstice Advanced Materials (SOLS) has withdrawn its acquisition of Element Solutions (ESI) by mutual agreement of both boards
2. 2No termination fee applies, and the board has approved its first share repurchase program of up to $500 million in common stock
3. 3The decision reflects shareholder feedback, and the company reaffirmed its raised 2026 annual guidance while maintaining its standalone strategy

Source The Wall Street Journal +1 · View original ↗

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