Axalta Coating Systems (AXTA) seeking strategic alternatives

POTENTIAL DEAL DETAILS

Axalta Coating Systems Ltd. (AXTA), a leading global supplier of liquid and powder coatings, today announced that its Board of Directors has initiated a comprehensive review of strategic alternatives to maximize shareholder value.

Update(s):

July 18, 2019: Axalta Coating Systems Ltd. (AXTA), the car-paint maker exploring a sale, has drawn preliminary interest from rival companies, according to people familiar with the matter.

September 16, 2019: 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 (AXTA), the U.S. coatings company whose largest shareholder is Warren Buffett’s Berkshire Hathaway Inc, people familiar with the matter said on Monday

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