Axalta Concludes Review of Strategic Alternatives

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COVID-19 Upends Axalta's (AXTA) Nearly $7.5 Billion Sale to PPG and Clayton Dubilier & Rice - Sources

March 31, 2020 11:50 AM EDT

Axalta Coating Systems Ltd. (NYSE: AXTA) announced early Tuesday that its nine-month review of strategic alternatives has ended without a sale. Before the coronavirus outbreak upended markets around the world, Axalta was in advanced talks to sell to PPG Industries Inc. (NYSE: PPG) and buyout firm Clayton Dubilier & Rice for nearly $7.5 billion, which would have netted shareholders between $30-$32 per share, according... More