Axalta develops, manufactures and sells wide selection performance and transportation coatings around the world.
[$$] Who Knew the Paint Industry Could Be This Exciting? Fri, 24 Nov 2017 04:56:34 +0000 The otherwise quotidian world of paint is turning into a feeding frenzy of merger activity. Money is to be made betting on the prime targets.
Deere and Axalta climb while Hewlett Packard Enterprise dips Wed, 22 Nov 2017 21:53:07 +0000 Stocks that moved substantially or traded heavily Wednesday: Deere & Co., up $6.02 to $145.25 The farm equipment maker had a strong quarter and its annual forecast was better than analysts expected. HP ...
Two Stocks Set to Pop Wed, 22 Nov 2017 19:01:00 +0000 The options activity is telling investors to pile into these two stocks.
Trading Up: New Suitor Spurs Axalta…But What About Berkshire? Wed, 22 Nov 2017 17:05:00 +0000 Shares of Axalta Coating System (AXTA) are rising Wednesday, after announcing that it had ended talks for a merger of equals with AkzoNobel (AKZOY)on Tuesday, and said it was entertaining an all-cash takeover bid from Japan's Nippon Paint Holdings. Elsewhere, Jefferies' Laurence Alexander reiterated a Buy rating and $38 price target on Axalta, writing that Nippon could bid $43 a share, although if no deal happens the stock would likely return to its pre-M&A October levels: Assuming a 5% synergy and a 2% cost of debt, we estimate Nippon Paints could bid as much as $43/share or 12.2x 2018E EBITDA and still achieve a 5% ROIC in FY3: 60bps above Nippon's return on a buyback and in line with the benchmark that has worked reasonably well for other chemicals transactions over the last 24 months.
Nippon Paint makes proposal to Axalta, merger talks with Akzo Nobel end Wed, 22 Nov 2017 13:29:59 +0000 NEW YORK/AMSTERDAM (Reuters) - Nippon Paint Holdings Co Ltd made an all-cash offer on Tuesday to acquire U.S. coatings company Axalta Coating Systems Ltd, two people familiar with the matter said, ending merger talks between Axalta and Dutch peer Akzo Nobel. Nippon Paint confirmed it has made "a proposal" to Axalta but declined to give details, adding there is no assurance the two will reach any agreement. Axalta and Akzo Nobel said earlier on Tuesday they had ended negotiations about a "merger of equals" because they were unable to reach terms.
3 Stocks to Watch on Wednesday: Axalta Coating Systems Ltd (AXTA), Guess?, Inc. (GES) and Salesforce.com, Inc. (CRM) Wed, 22 Nov 2017 12:00:13 +0000 Several companies posted their latest quarterly earnings results, including Guess?, Inc. (NYSE:GES) and Salesforce.com, Inc. (NYSE:CRM), while Axalta Coating Systems Ltd (NYSE:AXTA) may be bought by a different company than it had originally planned. Axalta may soon be bought by Nippon Paint Holdings. The company reportedly made an all-cash offer on Tuesday to buy the U.S. coatings company, combining the company’s paint business with Nippon’s own assets with the industry.
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Disclaimer The stock selections in our stock investing and stock trading database are not stock recommendations, but simply represent applications of a stock investing process. All materials, including our Top Stock Picks, are provided for information purposes only and should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security. Growth Stock Analytics, LLC is not responsible for gains/losses that may result in investing or trading in these securities. All information is believed to be obtained from reliable sources, but there is no guarantee that the information supplied is accurate, complete or timely. There is no guarantee or warranty with regard to the results obtained from its use. There is no guarantee of suitability or potential value of any particular investment or information source. You acknowledge that your requests for this information are unsolicited and shall neither constitute nor be considered investment advice. Past investing performance is not an indication of future performance results. Investing and trading in stocks is risky. Investors are encouraged to consult a registered stock broker or investment adviser before making any investing decisions. The interpretations and opinions expressed herein are solely those of Growth Stock Analytics, LLC, and not of any other individual or organization.