The stock has a 52-week high of $30.94 and a 52-week low of $21.58. 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. 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 Coating Systems Ltd has formed a board committee to explore a sale, Reuters reported. 3 months performance. Axalta rebuffed acquisition approaches in 2017 from Akzo Nobel and Nippon Paint Holdings Co Ltd 4612.T. Axalta Coating Systems Ltd.AXTA was a big mover last session, as the company saw its shares rise nearly 6% on the day. About Axalta Axalta is a global leader in the coatings industry, providing customers with innovative, colorful, beautiful and … AXTA Axalta Coating Systems News . 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 Ltd. is one of the world's leading coatings companies. Shares of Axalta Coating Systems Ltd (NYSE: AXTA) plunged as much as 22% in trading Thursday after rejecting a buyout offer from Nippon Paint. This realignment … Islanders News: Another buyout window opens, but it’s a mirage. The company released a statement indicating it will enter into discussions with Nippon to determine the most suitable outcome for Axalta. 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 … 15.40%. Published: November 11th, 2020 - 10.13pm EST. 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 … 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 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 … 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 … Axalta acquires Capital Paints, a thermosetting powder coatings manufacturer. The former DuPont paint and coatings business is downsizing its operations and closing its Center City Philadelphia headquarters. Axalta Coating Systems Ltd. (AXTA) AXTA stock: buy or sell. Unlimited access to E-Edition Unlimited access to the billingsgazette.com website and apps No more surveys blocking articles Axalta Coating Systems stock slided -1.46% to close at $27.63 on the stock market on … Basically, Axalta, a new entity (backed by Carlyle) purchased the business from Dupont for approximately $4.9 billion prior to the IPO in 2013. 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. “to more closely align its global organization with its two global business segments to drive improved performance. 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. Related Links: AXTA stock brief. 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 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. By Dominik @LHHockey Nov 6, 2020, 7:15am EST Share this story. PPG is currently on an acquisition spree, snapping up smaller coatings companies. New, 171 comments. The deal, valued at approximately $420 million in cash, comes in connection with the reviews by … Close on Nov 11th, 2020. Skip to content Saturday, December 19, 2020 | Today's Paper That purchase was funded mainly with debt. 25.93 0.00 (0.0%) 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. Subscribe below or contact Nadine Kudmany on +44 207 749 1289 or NKudmany@AltAssets.net It’s another date on the CBA calendar, but it would be a shock to see an Isles move. Axalta, a U.S. coatings company, has a roughly $7 billion market cap, the story said. Axalta Releases Third Quarter 2019 Results Third Quarter 2019 Highlights:-- Net sales of $1,107.0 million decreased 3.4% year-over … Shock to see an Isles move by 0.8 % at $ 30.25 in Monday 's pre-market.... Shock to see an Isles move it will enter into discussions with Nippon determine! 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