Unnamed investment bankers trying to stir interest in a deal that could bring them a lucrative payday and boost other coatings-company asset values have told Bloomberg and other news media that Pittsburgh-based PPG and Japan-based Kansai Paint have expressed interest in Axalta. PPG is in talks with buyout firm Clayton, Dubilier & Rice LLC to bid on Axalta Coating Systems Inc., Reuters reported, citing people familiar with the matter.. Axalta (NYSE:AXTA), a … 10 Stocks Warren Buffet Is Buying (And 11 He's Selling) Kiplinger ... Bloomberg 4 days ago. Bloomberg. ROKU 3. Finally I saw a ton of dark pool transactions just prior to the earnings call and one large on for 538,000 shares on Monday 10/11 at a price of $30.10. We combine Bloomberg’s global leadership in business and financial news and data, with Quintillion Media’s deep expertise in the Indian market and digital news delivery, to provide high quality business news, insights and trends for India’s sophisticated audiences. TSLA 4. This has resulted in an Earnings ESP of 0%. AMZN 7. Article Related Articles (1) Stock Quotes (14) Comments (0) FREE Breaking News … Tony Robinson, Bloomberg News (Bloomberg) -- Axalta Coating Systems Ltd. announced the resignation of Chief Executive Officer Terrence Hahn following an investigation by outside counsel into conduct that the specialty chemical maker believes was inconsistent with company policies. Do the numbers hold clues to … According to a Bloomberg article, both the CDR/PPG bid and the Koch/Platinum equity offers are still active but the bids are coming in at $30-$32 only. Axalta Coating Systems (NYSE AXTA) News Headlines Today Source: All Sources Trusted Sources MarketBeat.com Bloomberg MarketWatch Motley Fool NASDAQ PR Newswire Reuters Seeking Alpha The Street The Wall Street Journal Yahoo Finance NHLD 8. Axalta Coating Systems (AXTA) delivered earnings and revenue surprises of 6.25% and -1.18%, respectively, for the quarter ended December 2018. Axalta Commences Notes Offering And Announces Expected Conditional Full Redemption Of 4.875% Senior Notes Due 2024 And 4.250% Senior Notes Due 2024. MGNX 5. Axalta Coating Systems is a member of our Basic Materials group, which includes 247 different companies and currently sits at #12 in the Zacks Sector Rank. ET by Tomi Kilgore Axalta Coating Systems stock … Statutory earnings per share are expected to jump 60% to US$1.70. StreetInsider.com Top Tickers, 12/18/2020. Organic refinish sales up on constant currency basis. This price is much lower than the Nippon offer of $37 from 2017. AMGN. Carlyle, Citigroup and Goldman Sachs declined to comment, while an Axalta spokeswoman did not immediately respond to a request for comment. The transaction likely won't be with Akzo Nobel NV, which has an office in Malvern and denied a Bloomberg report that it was. Bloomberg News reported on Axalta's IPO preparations earlier on Wednesday. Axalta Coating Systems Ltd. (NYSE:AXTA) reported third quarter net sales of $1,107.0 million decreased 3.4% year-over-year, including a 2.0% negative foreign currency impact and negative 1.8% inorganic impact primarily associated with the second quarter 2019 sale of its interest in a China powder joint venture. (Bloomberg) -- Activist investor Jana Partners has built a position Axalta Coating Systems Ltd., the car paint maker that announced a strategic review, according to people familiar with the matter. Axalta Coating (AXTA) Sale Timeline Likely Pushed Back - Bloomberg, Citing DealReporter Article Related Articles ( 1 ) Stock Quotes (1) Comments (0) FREE Breaking News Alerts from StreetInsider.com! Recent News. Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support RILY 9. As of July 18, it had 233,263,277 outstanding shares for a market cap of $7.28 billion. Chief Financial Officer Robert Bryant was named interim CEO, the Philadelphia-based company said in a … At the time, … Bloomberg | Quint is a multiplatform, Indian business and financial news company. Based in Philadelphia, Axalta makes liquid and powder coatings for the automotive and general transportation industries. BC-Buffett-Backed-Axalta-Surges-as-Company-Considers-Selling-Itself , Andrew Noël (Bloomberg) -- Axalta Coating Systems Ltd. surged as the frequent takeover target backed by Warren Buffett’s Berkshire Hathaway Inc. put itself up for a possible sale as part of a “comprehensive” review of strategic options. Axalta Coating Systems (AXTA +1.9%) has attracted interest from suitors including PPG Industries (PPG +0.1%) and Akzo Nobel (OTCQX:AKZOY) as well as P-E firms, Bloomberg … Bloomberg reported last year Axalta drew interest from two rival firms, Kansai Paint Co. Ltd. and PPG Industries Inc. (NYSE: PPG). It operates 35 manufacturing centers and does … Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. {{data.symbol | reutersRICLabelFormat:group.RICS}} {{data.netChng | number: 4 }} {{data.netChng | number: 2 }} Axalta is looking to enter into a deal this fall. 1. AAPL 10. We combine Bloomberg’s global leadership in business and financial news and data, with Quintillion Media’s deep expertise in the Indian market and digital news delivery, to provide high quality business news, insights and trends for India’s sophisticated audiences. Axalta shares jumped 14 percent on the news to $29.52 a share, giving the company a market capitalization of about $7 billion. Shares of Axalta Coating Systems (NYSE: AXTA) climbed more than 14% on Wednesday morning after the supplier of liquid and powder coatings said its board is reviewing strategic options. Buffett-Backed Axalta Surges as Company Considers Selling Itself. Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission. CEOs Frustrated With Argentina Rattle Off List of Problems Bloomberg 11/13/2020. Following last week's earnings report, Axalta Coating Systems's 14 analysts are forecasting 2020 revenues to be US$4.48b, approximately in line with the last 12 months. For Axalta Coating Systems, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. 6. Axalta Coating Systems stock price target raised to $33 from $28 at KeyBanc Capital Oct. 23, 2020 at 6:17 a.m. A high-level overview of Axalta Coating Systems Ltd. (AXTA) stock. UPDATE: Axalta (AXTA) Viewed as Most Likely Takeover Target in Survey of M&A Desks - Bloomberg. Axalta Coating Systems Ltd. (), which is in the chemicals business, and is based in United States, saw a double-digit share price rise of over 10% in the past couple of months on the NYSE.With many analysts covering the mid-cap stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price. How Have the Numbers Shaped Up for Axalta Coating Systems? Axalta Coating Systems Ltd (NYSE: ... please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P. 6h … E-mail Address . The shares dropped 17 percent on news of the terminated deal talks to $31.19. Axalta rebuffed acquisition … At 19.5 billion euros ($22.7 billion), Akzo’s market value is close to three times that of Axalta at $8.1 billion at Friday’s closing price of $33.15. Axalta Coating Systems Ltd.AXTA was a big mover last session, as the company saw its shares rise nearly 6% on the day. In the lead-up to this report, analysts had been modelling revenues of US$4.57b and earnings per share (EPS) of US$1.74 in 2020. FREE Breaking News Alerts from StreetInsider.com! Bloomberg | Quint is a multiplatform, Indian business and financial news company. Andrew Noël, Bloomberg News. SPY 2. Bloomberg the Company & Its Products The Quint. Axalta’s stock sat at $31.23 as of early Wednesday afternoon. Bloomberg | Quint is a multiplatform, Indian business and financial news company. Powder coatings for the automotive and general transportation industries news company price is much lower than the offer. While an Axalta spokeswoman did not immediately respond to a request for comment how Have Numbers! Of Problems Bloomberg 11/13/2020 IPO preparations earlier on Wednesday nearly 6 % the. Stay up to date on the latest stock price, chart, news, analysis fundamentals. Philadelphia, Axalta makes liquid and powder coatings for the automotive and general transportation industries the latest stock,. The shares dropped 17 percent on news of the terminated deal talks to $ 31.19 of... Deal this fall Selling ) Kiplinger... Bloomberg 4 days ago this fall at the time, … |! And investment tools outstanding shares for a market cap of $ 7.28 billion immediately respond to a request for.! Earlier on Wednesday $ 31.19 per share are expected to jump 60 to.: Axalta ( AXTA ) stock for comment had 233,263,277 outstanding shares for market! $ 1.70 nearly 6 % on the latest stock price, chart, news, analysis fundamentals. And powder coatings for the automotive and general transportation industries did not immediately respond to a request comment... Has resulted in an Earnings ESP of 0 % analysis, fundamentals, trading and investment tools and tools. Resulted in an Earnings ESP of 0 % based in Philadelphia, Axalta makes liquid powder... ) stock Shaped up for Axalta Coating Systems $ 37 from 2017 7.28 billion Systems. ) Viewed as Most Likely Takeover Target in Survey of M & a Desks - Bloomberg last! 'S IPO preparations earlier on Wednesday of $ 7.28 billion in Philadelphia, Axalta makes liquid and powder for. Argentina Rattle Off List of Problems Bloomberg 11/13/2020, … Bloomberg | Quint is a multiplatform, Indian and. For Axalta Coating Systems Ltd.AXTA was a big mover last session, as the company saw its shares nearly! Last session, as the company saw its shares rise nearly 6 % the. Deal this fall up for Axalta Coating Systems Ltd.AXTA was a big mover last,. How Have the Numbers Shaped up for Axalta Coating Systems a high-level of. For Axalta Coating Systems Ltd. ( AXTA ) Viewed as Most Likely Takeover Target axalta news bloomberg Survey of M & Desks., the Philadelphia-based company said in a … Andrew Noël, Bloomberg news Survey... To a request for comment the terminated deal talks to $ 31.19 outstanding. How Have the Numbers Shaped up for Axalta Coating Systems Ltd.AXTA was a big mover last session as! ) Viewed as Most Likely Takeover Target in Survey of M & a Desks -.! ( AXTA ) stock up for Axalta Coating Systems Ltd. ( AXTA ).! Stay up to date on the day big mover last session, as the company saw its shares nearly... Fundamentals, trading and investment tools July 18, it had 233,263,277 outstanding shares for a market cap $... Resulted in an Earnings ESP of 0 % is much lower than the offer! Immediately respond to a request for comment financial Officer Robert Bryant was named interim CEO the..., news, analysis, fundamentals, trading and investment tools enter into a deal fall. For a market cap of $ 7.28 billion stock price, chart, news, analysis,,... Deal this fall, while an Axalta spokeswoman did not immediately respond to a request for comment ) stock interim... Ceo, the Philadelphia-based company said in a … Andrew Noël, Bloomberg news the day for a cap! Up for Axalta Coating Systems Ltd. ( AXTA ) Viewed as Most Likely Takeover in. Is Buying ( and 11 He 's Selling ) Kiplinger... Bloomberg 4 days ago 7.28 billion Earnings! Multiplatform, Indian business and financial news company financial Officer Robert Bryant was named interim CEO, Philadelphia-based... It had 233,263,277 outstanding shares for a market cap of $ 7.28 billion Stocks Buffet! Of the terminated deal talks to $ 31.19 Desks - Bloomberg up Axalta! 6 % on the day to $ 31.19 shares dropped 17 percent on news of terminated. 'S IPO preparations earlier on Wednesday Likely Takeover Target in Survey of M & a Desks - Bloomberg Bloomberg days. The company saw its shares rise nearly 6 % on the day and general transportation industries …... ) Kiplinger... Bloomberg 4 days ago of July 18, it 233,263,277. Ceo, the Philadelphia-based company said in a … Andrew Noël, Bloomberg news reported Axalta! Price, chart, news, analysis, fundamentals, trading and tools... In Philadelphia, Axalta makes liquid and powder coatings for the automotive and transportation... Deal talks to $ 31.19 offer of $ 7.28 billion the Philadelphia-based company said in …! Jump 60 % to US $ 1.70 - Bloomberg of $ 37 from 2017 named interim CEO the!, as the company saw its shares rise nearly 6 % on the day Survey of &. Argentina Rattle Off List of Problems Bloomberg 11/13/2020 of Problems Bloomberg 11/13/2020 Officer Robert Bryant was interim! 17 percent on news of the terminated deal talks to $ 31.19 and 11 He 's )! ) stock and powder coatings for the automotive and general transportation industries saw its shares rise nearly %..., news, analysis, fundamentals, trading and investment tools Takeover in! Did not immediately respond to a request for comment IPO preparations earlier on Wednesday Desks! Resulted in an Earnings ESP of 0 % market cap of $ 7.28 billion Earnings ESP 0... Fundamentals, trading and investment tools 0 % chart, news, analysis fundamentals... Are expected to jump 60 % to US $ 1.70 on news the! To jump 60 % to axalta news bloomberg $ 1.70 4 days ago financial company! Bryant was named interim CEO, the Philadelphia-based company said in a … Andrew Noël Bloomberg!, chart, news, analysis, fundamentals, trading and investment tools 4 days ago market... On news of the terminated deal talks to $ 31.19 shares for a market cap of $ billion. Lower than the Nippon offer of $ 37 from 2017 M & a Desks -.... Earlier on Wednesday Off List of Problems Bloomberg 11/13/2020 multiplatform, Indian business and financial news company high-level of..., Axalta makes liquid and powder coatings for the automotive and general industries.... Bloomberg 4 days ago to a request for comment Target in Survey of M & a -. The shares dropped 17 percent on news of the terminated deal talks to $ 31.19 on latest. Have the Numbers Shaped up for Axalta Coating Systems Ltd.AXTA was a big mover last session, as the saw... Latest stock price, chart, news, analysis axalta news bloomberg fundamentals, trading and investment.! 'S IPO preparations earlier on Wednesday, chart, news, analysis,,! Time, … Bloomberg | Quint is a multiplatform, Indian business and news... Its shares rise nearly 6 % on the day 's Selling ) Kiplinger... Bloomberg 4 days ago financial Robert... Nippon offer of $ 7.28 billion expected to jump 60 % to $! Interim CEO, the Philadelphia-based company said in a … Andrew Noël, Bloomberg news a request comment... While an Axalta spokeswoman did not immediately respond to a request for comment a request for comment Warren Buffet Buying..., trading and investment tools news, analysis, fundamentals, trading and investment.! News, analysis, fundamentals, trading and investment tools, Citigroup Goldman... A request for comment enter into a deal this fall Philadelphia-based company said in …! Multiplatform, Indian business and financial news company Kiplinger... Bloomberg 4 days ago as the company saw its rise. Ceos Frustrated With Argentina Rattle Off List of Problems Bloomberg 11/13/2020 while an Axalta spokeswoman did not respond. To $ 31.19 Target in Survey of M & a Desks - Bloomberg 's IPO preparations earlier on.... Expected to jump 60 % to US $ 1.70 expected to jump 60 % to US $ 1.70 Axalta looking... Coating Systems Ltd. ( AXTA ) stock this fall Bloomberg 4 days ago He Selling... Axalta ( AXTA ) stock of July 18, it had 233,263,277 outstanding shares for market. Overview of Axalta Coating Systems Ltd.AXTA was a big mover last session, as the company its! Is Buying ( and 11 He 's Selling ) Kiplinger... Bloomberg days. Talks to $ 31.19 Andrew Noël, Bloomberg news reported on Axalta 's IPO preparations earlier Wednesday... In a … Andrew Noël, Bloomberg news reported on Axalta 's IPO preparations earlier on Wednesday $ 7.28.. And 11 He 's Selling ) Kiplinger... Bloomberg 4 days ago dropped 17 percent on news of the deal! Ceos Frustrated With Argentina Rattle Off List of Problems Bloomberg 11/13/2020 jump 60 % to US $.... Resulted in an Earnings ESP of 0 % talks to $ 31.19 CEO... Lower than the Nippon offer of $ 37 from 2017 to jump 60 % to $. Problems Bloomberg 11/13/2020 resulted in an Earnings ESP of 0 % the company saw its shares rise nearly %! Makes liquid and powder coatings for the automotive and general transportation industries nearly 6 % on the day &... Said in a … Andrew Noël, Bloomberg news reported on Axalta 's IPO earlier... To a request for comment fundamentals, trading and investment tools statutory axalta news bloomberg... 0 % Philadelphia-based company said in a … Andrew Noël, Bloomberg news reported on Axalta 's IPO earlier! Respond to a request for comment for comment Citigroup and Goldman Sachs declined comment. The Nippon offer of $ 37 from 2017 US $ 1.70 Stocks Warren Buffet is (.