Solstice Advanced Materials is trading 14.8% up in after-hours trading at $64.68 after announcing the mutual termination of its planned $14.5 billion Element Solutions acquisition.
- Shareholder feedback supported operating independently, with no termination fees payable.
- Solstice authorized a $500 million share-repurchase program, providing a company-specific bullish catalyst.
- Strong Nvidia and Salesforce results likely added support through broader risk-on sentiment.