MarketPR
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.
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.
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