axalta buyout news

New, 171 comments. That purchase was funded mainly with debt. Basically, Axalta, a new entity (backed by Carlyle) purchased the business from Dupont for approximately $4.9 billion prior to the IPO in 2013. Axalta was formed as a leveraged buyout of DuPont's Performance Coatings business by an affiliate of Carlyle Group in 2013, became a public company through an initial public offering in 2014, and Carlyle exited by selling its remaining shares … PPG is in talks with buyout firm Clayton, Dubilier & Rice LLC to bid on Axalta Coating Systems Inc., Reuters reported, citing people familiar with the matter. AkzoNobel’s Merger Plan With Axalta Set to Create PPG Deterrent AkzoNobel successfully rebuffed an unsolicited $29 billion buyout offer this year, coming under intense shareholder pressure in the process from activist investor Elliott Management Corp., which had pushed for tie-up talks. A tie-up between Axalta and Akzo is “logical” given the rapidly consolidating coatings industry, Ghansham Panjabi, an analyst at Robert W. Baird & Co, said in a note. Axalta Coating Systems stock slided -1.46% to close at $27.63 on the stock market on … Axalta's balance sheet appears to be in good shape, even though debt is on the higher side, which is a function of the company's IPO. Islanders News: Another buyout window opens, but it’s a mirage. Related Links: 3 months performance. News Stock sectors Watchlists. By Dominik @LHHockey Nov 6, 2020, 7:15am EST Share this story. It’s another date on the CBA calendar, but it would be a shock to see an Isles move. PPG is currently on an acquisition spree, snapping up smaller coatings companies. According to Reuters, the latest offer from Nippon Paint was for $37 per share in cash, a price Axalta's management didn't think was enough to complete a buyout. Axalta Releases Third Quarter 2019 Results Third Quarter 2019 Highlights:-- Net sales of $1,107.0 million decreased 3.4% year-over … Axalta Coating price target raised to $30 from $26 at Deutsche Bank 10/20/20 Morgan Stanley Axalta Coating price target raised to $27 from $23 at Morgan Stanley ... William Blair sees near-term takeover of Perspecta as unlikely despite Jana news 04/02/20 Wells Fargo Perspecta price target lowered to $18.50 from $26 at … PHILADELPHIA, Dec. 8, 2020 Axalta, a leading global supplier of liquid and powder coatings, received the Daimler Trucks North America LLC 2019 Masters of Quality supplier award. Axalta Coating Systems is a global coatings company dedicated solely to the development, manufacture and sale of liquid and powder coatings. Subscribe below or contact Nadine Kudmany on +44 207 749 1289 or NKudmany@AltAssets.net Axalta Coating Systems shares traded higher by 0.8% at $30.25 in Monday's pre-market session. Citing “people familiar with the matter,” Reuters reported in September 2019 that PPG was speaking with Clayton, Dubilier & Rice about teaming up with the buyout firm on an Axalta acquisition. Axalta may sell for US$40 a share, based on the 15-times earnings multiple paid by Sherwin-Williams Co for Valspar Corp earlier this year, he said. The former DuPont paint and coatings business is downsizing its operations and closing its Center City Philadelphia headquarters. Axalta Coating Systems (NYSE: AXTA) has made an agreement with The Valspar Corp. (NYSE: VAL) and The Sherwin-Williams Co. (NYSE: SHW) to acquire Valspar’s North American industrial wood coatings business. Axalta, a U.S. coatings company, has a roughly $7 billion market cap, the story said. Published: November 11th, 2020 - 10.13pm EST. Axalta rebuffed acquisition approaches in 2017 from Akzo Nobel and Nippon Paint Holdings Co Ltd 4612.T. Axalta Coating Systems Ltd. (AXTA) AXTA stock: buy or sell. The Wall Street Journal mused last week that, despite being flush with cash and a brand new $13 billion fund, Carlyle has been struggling to find candidates for bigger buyouts like Axalta, and has been looking instead at smaller deals to commit its capital, like its $500 million minority stake in Beats Electronics, signed … 25.93 0.00 (0.0%) AXTA stock brief. The deal, valued at approximately $420 million in cash, comes in connection with the reviews by … Skip to content Saturday, December 19, 2020 | Today's Paper About Axalta Axalta is a global leader in the coatings industry, providing customers with innovative, colorful, beautiful and … “to more closely align its global organization with its two global business segments to drive improved performance. Only days after announcing an end to buyout talks with AkzoNobel, Axalta has revealed it is now in discussion with Nippon Paint, as Nippon looks to acquire the industry giant. Axalta, which describes itself as a leading global coatings provider active in the development, manufacturing, delivery and service of liquid and power coatings, employs around 14,000 people and has a customer base … Shares of Axalta Coating Systems Ltd (NYSE: AXTA) plunged as much as 22% in trading Thursday after rejecting a buyout offer from Nippon Paint. AXTA Axalta Coating Systems News . Close on Nov 11th, 2020. Follow AXTA. Axalta, a global supplier of liquid and powder coatings, announced that it has completed the acquisition of Capital Paints, a UAE-based thermosetting powder coatings manufacturer. 213 Woodbine Street High Point, NC 27260 Phone: 336-888-3500 Email: mward@hpenews.com They provide a range of performance and transportation coatings for manufacturers of light and commercial vehicles, the refinish aftermarket and for many industrial applications. The value of Axalta has increased dramatically after 18 months of its buyout, because the decisions they have taken or the strategies that they have applied, have turned out to be unexpectedly better, not only in the form of an increase, but also in the demand for its product offerings, which are growing faster than they were … The stock has a 52-week high of $30.94 and a 52-week low of $21.58. Axalta acquires Capital Paints, a thermosetting powder coatings manufacturer. $27.63-1.46%. Axalta Coating Systems Ltd has formed a board committee to explore a sale, Reuters reported. Investors say Pittsburgh-based PPG and Japan's Kansai are among likely acquirers for Philadelphia's Axalta, the auto-paint giant, but there's no guarantee of a deal. 15.40%. Axalta announced a restructuring program. This realignment … Axalta rebuffed acquisition approaches in 2017 from Akzo Nobel and Nippon Paint Holdings. When Carlyle Group orchestrated a $4.9 billion buyout of DuPont's auto-paint business in 2013, some competitors said the private equity firm overpaid. (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 … Premium subscribers receive complete access to our daily breaking news, premium stories, weekly Fundraising & IR Review, Knowledge Bank and LP profiles - all which are accessible via our mobile platform. Axalta Coating Systems Ltd.AXTA was a big mover last session, as the company saw its shares rise nearly 6% on the day. Axalta Coating Systems Ltd. is one of the world's leading coatings companies. 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