AkzoNobel rejected three takeover attempts by PPG, the world’s largest paints and coatings firm, earlier this year. Melanie Gerald - October 22, 2020. Indeed, PPG is reportedly looking at making an offer, and Akzo Nobel and Axalta previously discussed a merger in 2017, while private equity firms are also believed to be circling the company. Axalta’s stock sat at $31.23 as of early Wednesday afternoon. By comparing employers on employee ratings, salaries, reviews, pros/cons, job openings and more, you'll feel one step ahead of the rest. Axalta’s vehicles coating business would fill a gap in AkzoNobels’s portfolio. DuPont Performance Coatings, rooted in the dawn of the Automobile Age, now sports a new name after the completion of its $4.9 billion sale to The Carlyle Group on Feb. 1, the companies announced Monday (Feb. 4).. You reached this page when attempting to access https://www.streetinsider.com/Hot+M+and+A/Axalta+%28AXTA%29+Takeover+Seen+Wrapping+Up+Over+Next+Two+Weeks+-+Sources/16204002.html from 23.254.252.10 on 2020-12-25 20:47:54 UTC. Sequential recovery from all end-markets; Q3 2020 net sales 57.3% higher than Q2 2020 ; Q3 2020 net sales decreased 7.2% year-over-year to $1,026.9 million Sherwin Williams does some but is not a leader. rumored to be looking at Axalta—which was Owned byThe Carlyle Group (Washington, DC) from early 2013 to late 2014—along with coatings majors such as PPG and AkzoNobel. Otomotiv Tamir Ürünleri. Jana Partners disclosed in an SEC filing its holdings as of September 30, 2020. On October 30th 2017, in response to market speculation, AkzoNobel confirmed it was in constructive discussions regarding a potential merger of the AkzoNobel Paints and Coatings business with Axalta. Contact. Y. Yahoo Finance Insights. Akzo Nobel didn't want to be be bought by PPG lndustries, so now the paints and coatings maker is trying to swallow Axalta. crashtech Combo Man. Axalta could still decide not to sell itself and remain independent. “Exclusive: Buyout firm CD&R pursues bid with PPG for Buffett-backed Axalta – sources”, “Axalta Coating Systems Ltd. (AXTA) CEO Robert Bryant on Q2 2019 Results – Earnings Call Transcript”, The Axalta booth at SEMA 2018 is shown. “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,” Reuters wrote. For decades, PPG’s research and development experts have created coatings that have made products better across nearly every industry, from food and beverage, to cosmetics and personal care, to paints and chemicals. Pinterest. A source also told the news service that another buyout firm, Platinum Equity, is also talking about an Axalta bid with Koch Industries. (In fact, Axalta just announced Monday it would buy a United Arab Emirates architectural coatings powder manufacturer.). PPG Industries, Inc. -- Moody's says PPG's acquisition of Tikkurila limits financial flexibility within A3 rating. Warren Buffett’s Berkshire Hathaway owns a 10.4% stake in Axalta. 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 about the latest move. Axalta is big in automotive coatings and competes with PPG in this area, while Akzo has more focus on interior coatings. Axalta is the 17th largest public company in … They provide a range of performance and transportation coatings for manufacturers of light and commercial vehicles, the … previous chevron_left Next chevron_right. Its corporate peers include Sherwin-Williams Co, Akzo Nobel, PPG Industries Inc, BASF SE and RPM International Inc. By. All salaries and reviews are posted by employees working at PPG vs. Axalta. Contact. As of July 18, it had 233,263,277 outstanding shares for a market cap of $7.28 billion. Axalta Coating Systems Powder North America 9800 Genard Road Houston, TX 77041 1-800-247-3886 Last edited: Sep 22, 2019. Shares of Axalta spiked in October 2017 on reports the company was in talks with Dutch coatings company Akzo Nobel about a potential deal, and … PPG Industries, Inc. -- Moody's says PPG's acquisition of Tikkurila limits financial flexibility within A3 rating. Article content. Citing people with knowledge of the matter, Reuters said joining forces with the buyout firm would enable PPG to get around any regulatory concerns which could be raised by an acquisition. Learn More. Reuters reported Downtown-based PPG could partner with private equity firm Clayton, Dubilier & Rice to acquire Warren Buffett-backed Axalta. Global Smart Coating Suppliers Leadership Quadrant and Benchmark Report 2020 Featuring 3M, PPG Industries, AkzoNobel, Axalta Coating Systems, Hempel, Jotun, … 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 Axalta’s coatings are used in the refinishing of cars, buildings and pipelines. Find the latest Axalta Coating Systems Ltd. (AXTA) stock discussion in Yahoo Finance's forum. Last edited: Sep 22, 2019. “I think the two different transactions had different issues,” then-CEO Charles Shaver told analysts on its fourth-quarter and full-year earnings call in February 2018. Protective & Marine Coatings. WhatsApp. Compare PPG vs Axalta BETA See how working at PPG vs. Axalta compares on a variety of workplace factors. At PPG (NYSE:PPG), we work every day to develop and deliver the paints, coatings and specialty materials that our customers have trusted for more than 135 years. PPG and BASF are the main competitors. Axalta Coating Systems Ltd has formed a board committee to explore a sale, Reuters reported. It offered to sweeten the deal further with other concessions. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. AkzoNobel and Axalta End Merger Discussions November 21, 2017. Nine days prior, Axalta announced it’d ended “merger of equals” talks with Dutch paint firm AkzoNobel, which itself had that summer shot down purchase attempts by PPG. Axalta’s coatings are used in the refinishing of cars, buildings and pipelines. While big deals, or rumors of big deals, have received attention, it's possible to argue that Reactions: Barry. chemwee k com The outcome of Axalta's review process, however, remains unclear. However, he did say that the company wouldn’t change its capital priorities and would stay focused on its mergers and acquisition efforts, but with an eye towards a 2.5x leverage target, according to the Seeking Alpha text. Citing “people familiar with the matter,” Reuters reported Tuesday that PPG was speaking with Clayton, Dubilier & Rice about teaming up with the buyout firm on an Axalta acquisition. “Axalta’s management team and Board have a strong track record of pursuing M&A opportunities, along with other initiatives and alternatives, to maximize shareholder value.”, Bryant told a second-quarter investor call July 25 that the company wasn’t prepared to share new information about the review, according to a Seeking Alpha transcript. PPG tried to buy AkzoNobel on friendly terms three times with unsolicited offers, the last of those about $28.8 billion, or about $103.77 a share for a 50 percent premium on AzkoNobel’s price before merger talks. By Greg Roumeliotis (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. 18, it had 233,263,277 outstanding shares for a market value of 8 dollars! 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