On August 28, Solstice Advanced Materials Inc rose 10.81% in pre-market trading, trading at $62.5 per share, with turnover of $14,400.

On the news front, the company announced that it and Element Solutions mutually agreed to terminate their previously announced $14.5 billion merger agreement, with neither party required to pay a termination fee. Simultaneously, the company authorized a $500 million share repurchase program and affirmed its previously issued Q3 and full-year guidance.

The company's full-year net sales guidance of $4.13 billion to $4.19 billion exceeds the FactSet consensus estimate of $4.08 billion, while adjusted EPS guidance of $2.75 to $2.95 also surpasses the market estimate of $2.67. The Q2 adjusted EBITDA of $290 million beat expectations by approximately 4.28%, underscoring solid fundamental support. The merger termination removes integration uncertainty while the buyback signals management confidence in standalone value creation.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)