Solstice rises after scrapping $14.5 billion merger with Element

Solstice Advanced Materials

28/08/2026 10:34

** Shares of specialty chemicals maker Solstice Advanced Materials SOLS.O jump nearly 15% to $65.51 premarket
** SOLS and Element Solutions ESI.N mutually agree to scrap their $14.5 billion merger, saying both sets of shareholders preferred the cos retain their independence and existing strategies
** Shares of ESI rise marginally
** Neither company will pay any penalties as a result of ending the merger
** If completed, the deal would have created a larger supplier to the semiconductor, electronics and industrial markets
** As of last close, SOLS was up ~16% and ESI up 46% YTD

 (Reporting by Vallari Srivastava in Bengaluru)
 ((Srivastava.Vallari@thomsonreuters.com;))