Solstice Advanced Materials Inc. mutually terminated its previously announced merger agreement with Element Solutions Inc., releasing both parties from liability and resulting in no termination fees. Concurrently, Solstice's Board of Directors authorized a new share repurchase program allowing the company to buy back up to $500 million of common stock using cash on hand and operating cash flows. The company reaffirmed its third-quarter 2026 net sales guidance of $990–$1,035 million and full-year adjusted EBITDA guidance of $1,035–$1,055 million. Solstice Advanced Materials Inc. is a global specialty materials company providing high-performance solutions for industries including refrigerants, semiconductor manufacturing, data center cooling, nuclear power, and healthcare packaging.
