솔스티스 어드밴스드 머티리얼스는 엘리먼트 솔루션스의 계획된 인수 거래를 종료하고 새로운 5억 달러의 주식 매입을 승인했다.
Morris Plains, N.J., Aug. 27, 2026 /PRNewswire/ -- Solstice Advanced Materials Inc. (Nasdaq: SOLS) and Element Solutions Inc. (NYSE: ESI) have mutually agreed to terminate their previously announced merger agreement, with neither party required to pay any termination fees. Dr. Rajeev Gautam, Chairman of the Solstice Board of Directors, said, Following conversations with our shareholders and discussions between the parties, both Boards unanimously believe that it is in the best interests of our respective shareholders, employees and customers to terminate the merger agreement. We value the feedback received from shareholders in connection with the Element agreement, including their excitement about Solstice's strategy and growth trajectory as an independent company. The Board is confident that Solstice's strategic plan and leadership team will deliver substantial value for Solstice shareholders.
President and Chief Executive Officer David Sewell stated, While we viewed the Element acquisition as an opportunity to accelerate our strategy, we have great confidence in our strategic plan and respect our shareholders' views. As demonstrated by our reported results and recently increased guidance, which we are reaffirming today, the Solstice team is executing well and with discipline across our operations. Solstice benefits from highly differentiated technology and a business aligned with powerful secular growth trends driven by AI, data centers, nuclear energy, thermal management and semiconductor manufacturing. Mr. Sewell continued, Our cash flows and balance sheet are strong, enabling both investments in our many organic growth opportunities and meaningful capital returns. We move ahead from a position of strength and with deep conviction in our team, our strategy and the significant value we can deliver for Solstice shareholders.
The Board of Directors has also approved a share repurchase program authorizing the purchase of up to $500 million of common stock. Mr. Sewell added, Our first share repurchase program underscores the Board and management team's confidence in Solstice's long-term strategy, growth prospects and ability to create value for shareholders, as well as our commitment to disciplined capital allocation and returning capital to shareholders. Additional details regarding the program are included in the Form 8-K filed with the SEC today.
Solstice is affirming its previously announced guidance for the third quarter and its increased guidance for the full-year 2026. The Company does not provide a reconciliation of forward-looking Adjusted EBITDA or Adjusted diluted earnings per share to GAAP net income due to the inherent difficulty in forecasting deductions such as repositioning charges, transaction costs, impairment charges, and litigation matters. Because these deductions vary based on actual events, the Company cannot forecast GAAP net income with reasonable certainty, and projected GAAP results may be materially less than projected non-GAAP figures. These statements represent forward-looking information subject to risks and assumptions, and actual results may vary. The guidance is only effective as of the date given and will not be updated unless publicly announced.
About Solstice Advanced Materials, the company is a leading global specialty materials firm advancing science for smarter outcomes. It offers high-performance solutions for refrigerants, semiconductor manufacturing, data center cooling, nuclear power, protective fibers, and healthcare packaging. Recognized for brands such as Solstice, Genetron, Aclar, Spectra, Fluka, and Hydranal, Solstice partners with over 3,000 customers across more than 120 countries, holds over 5,700 patents and pending applications, and employs approximately 4,100 people worldwide. For more information, visit www.Solstice.com.
This release contains forward-looking statements under the Private Securities Litigation Reform Act of 1995. These statements involve substantial risks and uncertainties and often include words such as anticipates, estimates, expects, projects, forecasts, intends, plans, believes, may, will, would, and should. Actual results may vary materially due to factors including limited operating history as an independent public company, challenges in developing new technologies, macroeconomic conditions, inflation, tariffs, trade barriers, market volatility, geopolitical instability, supply chain disruptions, energy price increases, regulatory changes, climate change regulations, and public perceptions of nuclear energy. Undue reliance should not be placed on these statements.