Akzo’s Cost-Cutting CEO Said to Be Solicited for $7b Deal
2014-09-01 14:30:05.918 GMT
By Brian Lysaght
Sept. 1 (Bloomberg) -- Axalta Coating Systems, the former
DuPont. unit purchased by Carlyle Group for $4.9b in 2013, could
fetch more than $7b as the buyout owner contemplates bids
alongside a planned IPO, three people familiar with the matter
tell Bloomberg’s Elco van Groningen, Andrew Noel and Aaron
Kirchfeld.
* Akzo Nobel hasn’t indicated whether it will pursue Axalta,
according to the people
* Akzo Nobel and rival Sherwin-Williams are seen as
potential fits for the U.S. supplier of coatings
* Story: {NSN NB882F6TTDS1<Go>}
Link to Company News:{AKZA NA <Equity> CN <GO>}
Link to Company News:{CG US <Equity> CN <GO>}
Link to Company News:{SHW US <Equity> CN <GO>}
For Related News and Information:
First Word scrolling panel: {FIRST<GO>}
First Word newswire: {NH BFW<GO>}
To contact the editor responsible for this story:
Brian Lysaght at +44-20-7330-7908 or
blysaght@bloomberg.net
2014-09-01 14:30:05.918 GMT
By Brian Lysaght
Sept. 1 (Bloomberg) -- Axalta Coating Systems, the former
DuPont. unit purchased by Carlyle Group for $4.9b in 2013, could
fetch more than $7b as the buyout owner contemplates bids
alongside a planned IPO, three people familiar with the matter
tell Bloomberg’s Elco van Groningen, Andrew Noel and Aaron
Kirchfeld.
* Akzo Nobel hasn’t indicated whether it will pursue Axalta,
according to the people
* Akzo Nobel and rival Sherwin-Williams are seen as
potential fits for the U.S. supplier of coatings
* Story: {NSN NB882F6TTDS1<Go>}
Link to Company News:{AKZA NA <Equity> CN <GO>}
Link to Company News:{CG US <Equity> CN <GO>}
Link to Company News:{SHW US <Equity> CN <GO>}
For Related News and Information:
First Word scrolling panel: {FIRST<GO>}
First Word newswire: {NH BFW<GO>}
To contact the editor responsible for this story:
Brian Lysaght at +44-20-7330-7908 or
blysaght@bloomberg.net