Solstice Terminates $14.5B Element Solutions Merger, Authorizes $500M Buyback
SOLS sits 39% above its 52-week low of $40.43.
Summary
Solstice Advanced Materials and Element Solutions mutually terminated their $14.5B merger agreement. Solstice authorized a $500M share repurchase program and reaffirmed its 2026 guidance.
Key Events · M&A and Partnerships · SOLS
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Merger Agreement Terminated
Effective August 27, 2026, Solstice and Element Solutions mutually terminated the $14.5 billion merger agreement, with no termination fees payable by either party.
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$500M Share Repurchase Authorized
The Board approved a new $500 million share repurchase program, funded by cash on hand and operating cash flow, with 158,889,436 shares outstanding as of August 26, 2026.
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2026 Guidance Reaffirmed
Full-year 2026 guidance was affirmed: Net Sales $4,125-$4,185M, Adjusted EBITDA $1,035-$1,055M, and Adjusted Diluted EPS $2.75-$2.95, plus Q3 Net Sales of $990-$1,030M.
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Financing and Voting Agreements Terminated
In accordance with their terms, the Goldman Sachs commitment letter and the Voting and Support Agreement with Sir Martin E. Franklin were automatically terminated.
Analysis · SOLS · Manufacturing
The $14.5 billion merger agreement between Solstice and Element Solutions has been mutually terminated, unwinding the transformative acquisition announced just seven weeks ago. No termination fees are payable by either party. Simultaneously, the board authorized a $500 million share repurchase program and reaffirmed full-year guidance, signaling confidence in the standalone strategy after shareholder pushback on the deal. The termination also automatically extinguished the Goldman Sachs financing commitments and the Voting and Support Agreement with Sir Martin E. Franklin.
How filings like this one have moved
In the 30 days to Aug 27, 2026, 42.6% of the 975 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.06%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, SOLS was trading at $56.34 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $8.9B. The 52-week trading range was $40.43 to $90.80. This filing was assessed with neutral market sentiment and an importance score of 9 out of 10.