Management reaffirmed third-quarter guidance, projecting net sales of USD 990 million to USD 1.03 billion.
Full-year guidance was affirmed, including net sales of USD 4.13 billion to USD 4.19 billion and adjusted EBITDA of USD 1.04 billion to USD 1.06 billion.
Board approves buyback and merger termination
Board action cleared a mutual termination of the merger agreement under which Solstice Advanced Materials was to acquire Element Solutions.
Directors authorized a share repurchase program of up to USD 500 million.
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