The company, which makes coatings for vehicles or pipelines, held takeover talks in 2017 with Nippon Paint Holdings Co. Axalta went public in 2014, a year after private equity firm Carlyle Group LP acquired the company from DuPont. A representative for Kansai Paint didn’t immediately respond to a request for comment left outside of regular business hours. Reuters reported Downtown-based PPG could partner with private equity firm Clayton, Dubilier & Rice to acquire Warren Buffett-backed Axalta. Axalta met fin aux discussions avec Nippon Paint: 2017: Japanischer Farbenhersteller Nippon Paint und Axalta brechen Fusionsgespräche.. 2017: Les actionnaires d'Akzo approuvent la scission de la chimie fine: 2017: Japanischer Farbenhersteller Nippon Paint überrascht mit Offerte für Axalta We may have made it … Axalta is a leading global coatings provider dedicated to the development, manufacturing, delivery, and service of liquid and powder coatings. Have a confidential tip for our reporters? Another key point to note is that Axalta's management is currently reviewing "strategic alternatives." Monthly Cases Hit High; New Strain in Germany: Virus Update. Axalta Coating (NYSE: AXTA) Sale Timeline Likely Pushed Back - Bloomberg, Citing DealReporter Unlikely to see significant premium in takeout Serious News for Serious Traders! News of layoffs and a disappointing Its stock has risen about 18% since announcing June 19 that it would review strategic alternatives, including a sale, giving it a market value of about $7.1 billion. Axalta, led by President and Chief Executive Officer Robert Bryant, has been a takeover target for years. Axalta disclosed merger discussions with both AkzoNobel and Nippon Paint. Some of them have also been looking for partners. Berkshire Hathaway had a 10.4% stake in Axalta as of the end of June. Reporting by Greg Roumeliotis in New York; Additional reporting by Joshua Franklin in New York; Editing by Lisa Shumaker. Axalta hasn’t made a final decision on selling all or part of the company and bidders could end up opting against formal offers, they said. Axalta Coating Systems Ltd., the car-paint maker exploring a sale, has drawn preliminary interest from rival companies, according to people familiar with … According to the report, the two companies are considering creating a consortium to try and buy Axalta, which was first rumored to be exploring a sale back in July. Axalta’s stock sat at $31.23 as of early Wednesday afternoon. New Virus Strain’s Transmissibility to Cause More Deaths: Study, Cyberpunk Maker CD Projekt Sued by Investor Over Botched Launch, Musk Says It’s ‘Impossible’ to Take Tesla Private, Mulls New IPO, The North Carolina Kid Who Cracked YouTube’s Secret Code, N.Y. Axalta (NYSE: AXTA) shares traded for more than $30 in June 2019 after the review was announced but dropped to arecord low of $12.92 last week … He valued the company at 15 times earnings, using … AXALTA COATING SYSTEMS LTD. : News, information and stories for AXALTA COATING SYSTEMS LTD. | Nyse: AXTA | Nyse Data source: Axalta presentations. (Reuters) - Buyout firm Clayton, Dubilier & Rice LLC is in talks to partner with U.S. paint maker PPG Industries Inc to make an acquisition offer for Axalta Coating Systems Inc, the U.S. coatings company whose largest shareholder is Warren Buffett’s Berkshire Hathaway Inc, people familiar with the matter said on Monday. All quotes delayed a minimum of 15 minutes. Other private equity firms are also interested in Axalta, which has a market capitalization of $7.3 billion and long-term debt of close to $4 billion, three sources said. Adds Akzo Nobel statement in third paragraph. More specifically, potential deals Axalta Coating Systems Ltd., through its subsidiaries, manufactures, markets, and distributes high performance coatings systems in North America, Europe, the … This is the second time in recent years Axalta has put out the "for sale" sign. The annual results for Axalta Coating Systems Ltd. were released last week, making it a good time to revisit its performance.It was not a great result overall. Axalta, a U.S. coatings company, has a roughly $7 … Axalta Coating Systems Ltd. Common Shares (AXTA) Nasdaq Listed Nasdaq 100 Data is currently not available Add to Watchlist Add to Portfolio Quotes Summary Live … Axalta Coating Systems Powder North America 9800 Genard Road Houston, TX 77041 1-800-247-3886 June 19 (Reuters) - Axalta Coating Systems Ltd initiated a review of strategic options, including a potential sale of the company, the coatings producer said on … It would allow PPG to overcome potential antitrust hurdles it would face were it to buy the entirety of Axalta, and only take on businesses it deems complementary. Our Standards: The Thomson Reuters Trust Principles. The auction process for Axalta is ongoing and there is no certainty any deal will be reached, the sources said, asking not to be identified because the matter is confidential. Shares of Axalta spiked in October 2017 on reports the company was … It's not the first time Axalta has been on the selling block. In connection with the purchase, Berkshire Hathaway agreed that it would not dispose of the shares for 90 days following the consummation of the sale 2 Big Mergers: One a $4 Billion Cash Deal, the Other Still in the Rumor Mill One big merger was announced Wednesday when Allstate offered to pay $4 billion in cash for insurer National General. Car-paint maker seeking to reach potential deal in the fall, Philadelphia company said in June it was exploring a sale. More recently, in June of this year Axalta announced a strategic review, which could result in a sale ofthe company. The founding father of the automotive paint business is being laid to rest. GIC, BlackRock and Koch Industries did not immediately respond to requests for comment. "We carefully consider strategic opportunities as they arise and feel under no pressure to do anything different because our peer company has announced a strategic review," Akzo said in an emailed statement on Thursday. PHILADELPHIA, June 1, 2020 /PRNewswire/ -- Axalta Coating Systems Ltd. (NYSE:AXTA) (the "Company") announced that two of its wholly owned subsidiaries, Axalta Coating Systems, LLC … Sad part is we are losing good people. The potential sale of Axalta Coating Systems (NASDAQ: AXTA) continues to muddle along but details are currently being hammered out and a deal announcement is … Axalta Coating Systems Ltd., the car-paint maker exploring a sale, has drawn preliminary interest from rival companies, according to people familiar with … Private equity firms are also looking, though interest has been lukewarm so far, the people said. Rumors have abounded that the global steel titan could scoop up all or part of Ilva since mid-February. Axalta, PPG, CD&R and Platinum Equity declined to comment. The bid would come three months after Axalta said it would explore a sale. Reviews from Axalta Coating Systems employees about Axalta Coating Systems culture, salaries, benefits, work-life balance, management, job security, and more. Axalta Coating Systems is a global coatings company dedicated solely to the development, manufacture and sale of liquid and powder coatings. Axalta shares fell $0.51 or 1.69% Monday to $29.64. Akzo Nobel NV said "at this time" it is "not participating in the process" after Bloomberg News reported that it was among parties that had shown preliminary interest, citing people familiar. Hahn was replaced with the company’s chief financial officer, Robert Bryant. AT&T Weighs Sale of DirecTV AT&T Inc. is mulling a sale … 3 Introduction Last year, the Deloitte 2018 Global chemical industry mergers and acquisitions (M&A) outlook discussed potential significant deals that, at the time, could have taken place in 2018. 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