Axalta has drawn interest from suitors, wants deal by fall, Bloomberg reports - InvestingChannel

Axalta has drawn interest from suitors, wants deal by fall, Bloomberg reports

Axalta Coating Systems (AXTA) has drawn preliminary interest from suitors including Akzo Nobel (AKZOY), PPG Industries (PPG) and Kasai Kogyo, Kiel Porter and Dinesh Nair of Bloomberg report, citing people familiar with the matter. Axalta is in the early stages of soliciting offers with the aim of reaching a deal in the fall, a source told Bloomberg. Private equity firms are also looking at the company, though interest has been lukewarm so far, sources added. Shares of Axalta Coating Systems are up 1.5% to $30.66 following the report.