No. 2324Independent rewrite deskUpdated October 21, 2026

Financial News
& Market Press Releases

AACPApogee Acquisition Corp files 8-K to restate Q2 financial statementsOct 21EQPTEquipmentShare raises 2026 rental revenue growth outlook to 43%Oct 21CLFCleveland-Cliffs reports Q3 2026 net income of $165 millionOct 21MKSIMKS Inc. agrees to sell Ophir Optics to TTM Technologies for $650 millionOct 21SLNMerck KGaA to Acquire Silence Therapeutics in $1.3 Billion Cash DealOct 21SLGNSilgan Forms Metal Packaging Partnership With AIP FundsOct 21GEGE Aerospace raises 2026 guidance on record engine ordersOct 21INSMInsmed adds Sanofi and Verily executives to boardOct 21MAMastercard Q2 Revenue Beats Gross Dollar Volume GrowthOct 21REGULATORYKiffin blames SEC schedule for LSU strugglesOct 21AACPApogee Acquisition Corp files 8-K to restate Q2 financial statementsOct 21EQPTEquipmentShare raises 2026 rental revenue growth outlook to 43%Oct 21CLFCleveland-Cliffs reports Q3 2026 net income of $165 millionOct 21MKSIMKS Inc. agrees to sell Ophir Optics to TTM Technologies for $650 millionOct 21SLNMerck KGaA to Acquire Silence Therapeutics in $1.3 Billion Cash DealOct 21SLGNSilgan Forms Metal Packaging Partnership With AIP FundsOct 21GEGE Aerospace raises 2026 guidance on record engine ordersOct 21INSMInsmed adds Sanofi and Verily executives to boardOct 21MAMastercard Q2 Revenue Beats Gross Dollar Volume GrowthOct 21REGULATORYKiffin blames SEC schedule for LSU strugglesOct 21

NewsDeals

Solstice Advanced Materials exits $14.5 billion Element Solutions deal, launches $500 million buyback

The termination of Solstice Advanced Materials' (NASDAQ: SOLS) planned $14.5 billion acquisition of Element Solutions sent shares up 12.76 percent on Friday, closing at $63.53. The company simultaneously authorized a $500 million share repurchase program to be funded from cash on hand. Both moves landed in the same session; the next confirmed date is a $0.075 per-share dividend payable September 10 to shareholders of record as of August 27, 2026.

By Grant HalloranNewsroomAugust 31, 20262 min read

Solstice Advanced Materials terminated its planned $14.5 billion acquisition of Element Solutions, sending shares up 12.76 percent Friday to close at $63.53.
The company authorized a $500 million share repurchase program funded from cash on hand, alongside the deal's termination.
Both companies' boards unanimously approved the exit, citing the best interests of shareholders, employees, and customers.
Second-quarter attributable net income rose 23 percent to $119 million, with net sales up 11 percent to $1.148 billion year-on-year.
BMO Capital lowered its price target on SOLS to $83 from $95 after the deal exit but maintained its buy recommendation.

Both boards unanimously approved the exit following shareholder conversations and direct discussions between the two companies. Their joint statement cited the best interests of shareholders, employees, and customers. President and CEO David Sewell said the $500 million repurchase reflects confidence in the company's long-term growth prospects and management's commitment to returning capital to shareholders through disciplined capital allocation. The program can proceed through open market purchases, accelerated repurchase agreements, or negotiated block transactions.

The numbers behind the buyback

Second-quarter results set the financial backdrop. Attributable net income rose 23 percent to $119 million from $97 million in the year-earlier period, driven by higher net sales and lower income taxes, and partly offset by higher standalone operating costs and net interest expense. Net sales reached $1.148 billion, up 11 percent from $1.033 billion year-on-year. The refrigerants and applied solutions segment posted 12 percent sales growth; the electronic and specialty materials segment added 8 percent on the same basis.

Positioning and the analyst read

Institutional exposure to SOLS thinned heading into Friday. Hedge fund holders fell to 72 from 76 quarter-on-quarter, and their combined holdings dropped 7.3 percent to $2.03 billion from $2.19 billion, per Insider Monkey data. BMO Capital lowered its price target to $83 from $95 following the deal exit, but maintained its buy recommendation. The repurchase authorization is in place; watch execution filings for the method and pace of deployment.

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Frequently asked

Why did Solstice Advanced Materials' stock rise?

Shares rose 12.76 percent on Friday, closing at $63.53, after the company terminated its planned $14.5 billion acquisition of Element Solutions and authorized a $500 million buyback.

How will the $500 million share repurchase be funded and executed?

The buyback will be funded from cash on hand and can proceed through open market purchases, accelerated repurchase agreements, or negotiated block transactions.

When is the next dividend and how much is it?

A dividend of $0.075 per share is payable September 10 to shareholders of record as of August 27, 2026.

How did Solstice's second-quarter results look?

Attributable net income rose 23 percent to $119 million from $97 million, and net sales reached $1.148 billion, up 11 percent from $1.033 billion year-on-year.

What did analysts and institutional investors do heading into the announcement?

BMO Capital cut its price target to $83 from $95 while keeping a buy rating, and hedge fund holders fell to 72 from 76 with combined holdings down 7.3 percent to $2.03 billion.