Element Solutions rises after terminating $14.5 billion merger deal with Solstice

Solstice Advanced Materials

27/08/2026 22:27

** Shares of Element Solutions ESI.N rise ~4% to $38 in extended trading
** Specialty materials company Solstice Advanced Materials SOLS.O says it had agreed with Element Solutions to terminate their merger agreement, after shareholder feedback prompted both to conclude they would be better off operating independently
** Neither company will pay a termination fee, Solstice adds
** The companies in July agreed to a deal under which Solstice would acquire Element Solutions in a $14.5 billion deal
** Up to last close, stock up ~46% YTD

 (Reporting by Megavarshini G. Somasundaram in Bengaluru)
 ((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))