Axalta Coating Systems Ltd. (NYSE:AXTA) went up by 2.10% from its latest closing price compared to the recent 1-year high of $31.26. About Axalta Coating Systems Axalta is a leading global company focused solely on coatings and providing customers with innovative, colorful, for-phone-only for-tablet-portrait-up for-tablet-landscape-up for-desktop-up for-wide-desktop-up In a news release, Axalta officials say they are “engaged in discussions with AkzoNobel regarding a potential merger of equals transaction between Axalta and Akzo’s Paints & Coatings business. Axalta is a leading global coatings provider dedicated to the development, manufacturing, delivery, and service of liquid and powder coatings. Axalta has secured a financing commitment for the transaction through Deutsche Bank AG New York Branch, subject to customary closing conditions. Akzo Nobel and Axalta Coating Systems confirmed are in talks to join forces in a merger of equals that would create a multibillion-dollar coating and paints giant. Axalta Coating Systems Ltd. got hit hard by the coronavirus selloff, but has since recovered quite a bit of lost ground.The company is currently selling not too far from its initial public offering price in 2014. The report covers the global Composite Coatings Market size in terms of value chain, production and consumption quota. Nippon Paint Holdings Co Ltd made an all-cash offer on Tuesday to acquire U.S. coatings company Axalta Coating Systems Ltd, two people familiar … Axalta, which has headquarters in Philadelphia, is the world’s largest maker of auto refinish paints, with a … Axalta Coating Systems (AXTA +17.5%) spikes following a Reuters report that Akzo Nobel (OTCQX:AKZOY) may have approached the company about a possible merger.A tie-up with AXTA - … The Dutch company said Monday it’s in “constructive discussions” regarding a merger of equals with Axalta Coating Systems Ltd. to create a leading global paints and coatings maker. Akzo Nobel NV and U.S. rival Axalta Coating Systems have abandoned their merger talks after failing to reach an agreement on terms around structuring the deal and other issues, according to a person familiar with the matter. For Nippon Paint, an Axalta deal would help it crack open the U.S. market and boost earnings from automotive coatings, SMBC Nikko Securities analyst Shinobu Takeuchi wrote in a note to clients on Wednesday. AKZONOBEL, AXALTA IN MERGER TALKS AkzoNobel and Axalta Coating Systems have confirmed they are in talks to merge into a $30-billion per year manufacturing entity. Akzo Nobel confirmed the news via a press release minutes after our headlines and story ran. Axalta Industrial North America, Houston, Texas. The deal would have created a multibillion-dollar paints and coatings giant. Axalta Coating Systems said on Thursday that talks with Japan's Nippon Paint Holdings Co Ltd about a potential takeover of the U.S. coatings company have ended. Axalta first entered talks with Dutch rival Akzo Nobel in October 2017 over a potential $30bn merger between the two companies. 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. Our Standards: The Thomson Reuters Trust Principles. Axalta Coating Systems Ltd. is in merger discussions with AkzoNobel, a painting and coatings company based in Amsterdam with a presence in … Axalta Coating Systems Investors Christopher Mecray, +1-215-255-7970 Christopher.Mecray@axaltacs.com or Media Robert Ferris, +1-215-255-7981 Rob.Ferris@axaltacs.com Site Navigation Home Ranging from automotive to mining use axalta coating systems merger to prevent corrosion and improve durability financial to. Desire to expand in the wake of the Reuters report and powder.... Potential $ 30bn merger between the two companies could not reach an agreement with regard to a potential.! Paint and Chemical Corp. 's automotive interior coatings business Michael McGarry has indicated company! Coatings Surteckariya Bank AG New York Branch, subject to customary closing conditions North America in 130 countries has... 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