Element Solutions said on Aug. 27, 2026 that it and Solstice Advanced Materials mutually terminated their merger agreement, ending a deal that had been positioned as strategically and financially compelling.
The company said the decision followed constructive feedback from shareholders and discussions between the two boards. Chairman Ian G.H. Ashken said both companies concluded they would serve their shareholders better as standalone businesses at this time.
Chief Executive Benjamin Gliklich said the termination was a direct response to shareholder feedback and that Element Solutions will continue focusing on operational excellence, capital allocation and team development. He said the company’s growth trajectory remains compelling, its business momentum is “continuing unabated,” and performance remains in line with guidance.
Element Solutions also said its balance sheet remains healthy and that new product introductions are continuing to gain traction.
Under the termination agreement, neither Element Solutions nor Solstice will make any payments to the other as a result of ending the proposed transaction. The market has reacted to these announcements by moving the company's shares 0.67% to a price of $36.765. Check out the company's full 8-K submission here.
