Why did Solstice and Element Solutions terminate their $14.5 billion merger?

Solstice Advanced Materials, Inc. (SOLS) and Element Solutions Inc (ESI) mutually agreed to terminate their $14.5 billion merger agreement, citing shareholder feedback as the primary reason.

What are the immediate strategic responses announced by each company following the merger termination?

Following the termination, Solstice announced a $500 million share buyback, while Element Solutions stated it would focus on its existing growth strategy.

Solstice and Element Solutions Terminate $14.5 Billion Merger

Sep 6, 2026

Solstice Advanced Materials and Element Solutions mutually terminated their $14.5 billion merger agreement due to shareholder feedback. Both companies will operate independently, with Solstice initiating a $500 million share buyback program.

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