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Axalta Coating Systems (AXTA) Prices 41.6M Secondary Offering at $28.25/Share
July 28, 2016 4:43 PM EDTAxalta Coating Systems Ltd. (NYSE: AXTA) has announced the pricing of the previously announced sale of 41,621,996 common shares on an underwritten basis by affiliates of The Carlyle Group (Carlyle), at a price to the public of $28.25 per share. The last reported sale price of Axaltas common shares on July 27, 2016 was $28.97 per share. Axalta will not receive any of the proceeds from the offering of shares by Carlyle. Closing of the offering is expected to occur on or about August 2, 2016, subject to customary closing conditions.
Goldman, Sachs & Co. is acting as the sole... More
