Solstice Scraps Element Deal, Launches $500 Million Buyback

M&A · PartnershipCorporate Action

โดย Oilprice.com·

Summary · why it matters

Solstice Advanced Materials has abandoned its planned acquisition of Element Solutions after both companies' boards agreed to terminate the transaction, with no termination fee paid. The decision follows shareholder feedback, and Solstice's board has authorized a $500 million share repurchase program, its first. The company reaffirmed its full-year 2026 guidance, expecting net sales of $4.125 billion to $4.185 billion and adjusted EBITDA of $1.035 billion to $1.055 billion. Solstice, which became independent after separating from Honeywell, will now pursue growth in AI infrastructure, data centers, and nuclear energy without the Element deal, while returning capital to shareholders.