Solstice Advanced Why Solstice Advanced shares rise $TRUMP $XAU
#BitcoinHoldsNear$79400 #KospiClosesAtRecordHigh
Material الا لجي
Solstice Advanced Materials shares rose 13.20% in after-hours trading after the official market session ended, reaching $63.76. This comes after the company announced today that it has mutually agreed with Element Solutions to abandon the previously announced merger deal valued at $14.50 billion, with neither party paying termination fees to the other. The deal was announced in early July 2026 and at the time led to a sharp drop in SOLS shares amid concerns about leverage and integration risks, continuing to cast a shadow over the stock throughout the summer season.
In addition to ending the merger, Solstice’s board authorized the company to launch its first-ever share repurchase program, allowing it to buy back up to $500 million of its common shares. CEO David Sewel described the buyback process as reflecting the board and executive management’s confidence in the company’s long-term strategy and growth prospects, viewing it as a commitment to prudent capital allocation and enhanced shareholder value. The company also reaffirmed its full-year 2026 guidance, including targets for net sales and adjusted earnings before interest, taxes, depreciation, and amortization, which it raised following strong results for the second quarter.
#BitcoinHoldsNear$79400 #KospiClosesAtRecordHigh
Material الا لجي
Solstice Advanced Materials shares rose 13.20% in after-hours trading after the official market session ended, reaching $63.76. This comes after the company announced today that it has mutually agreed with Element Solutions to abandon the previously announced merger deal valued at $14.50 billion, with neither party paying termination fees to the other. The deal was announced in early July 2026 and at the time led to a sharp drop in SOLS shares amid concerns about leverage and integration risks, continuing to cast a shadow over the stock throughout the summer season.
In addition to ending the merger, Solstice’s board authorized the company to launch its first-ever share repurchase program, allowing it to buy back up to $500 million of its common shares. CEO David Sewel described the buyback process as reflecting the board and executive management’s confidence in the company’s long-term strategy and growth prospects, viewing it as a commitment to prudent capital allocation and enhanced shareholder value. The company also reaffirmed its full-year 2026 guidance, including targets for net sales and adjusted earnings before interest, taxes, depreciation, and amortization, which it raised following strong results for the second quarter.
