- Axalta Coating (AXTA +4.2%) jumps after the Financial Times reports Nippon Paint will look for acquisitions after combining with Wuthelam Holdings.
- CEO Masaaki Tana tells FT that the severe downturn gives a chance for Nippon Paint to make global acquisitions across a fragmented paints sector.
- Prior talks between Nippon and Axalta stalled over valuation and lack of support from Nippon shareholder Wuthelam.
- Berkshire Hathaway disclosed earlier this month that it sold more than 500K shares.
Axalta spikes after FT report stokes M&A speculation
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Symbol | Last Price | % Chg |
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AXTA | - | - |
Axalta Coating Systems Ltd. |