FINWIRES · TerminalLIVE
FINWIRES

$AXTA

3 stories mentioning AXTA

Every FINWIRES story that references AXTA, newest first.

Wire

Sherwin-Williams, Nippon Paint Bid for AkzoNobel Rejected as Company Backs Axalta Deal

Sherwin-Williams (SHW) and Nippon Paint's bid to acquire AkzoNobel for 73 euros ($84.99) per share in cash was rejected, with the Dutch coatings maker reaffirming its support for the planned merger with Axalta Coating Systems (AXTA), the company said Wednesday.The proposal called for Nippon Paint to retain AkzoNobel's Decorative Paints and Industrial Coatings units, while Sherwin-Williams would acquire its other coatings businesses, AkzoNobel said.AkzoNobel's boards said the offer undervalued the company and raised concerns over deal certainty, regulatory approvals and stakeholder protections.The company added that it continues to unanimously support its merger with Axalta ahead of the expected release of a U.S. Securities and Exchange Commission Form F-4 tied to the deal.Shares of Axalta Coating Systems were up more than 7% in Wednesday premarket activity.Price: $32.30, Change: $+2.30, Percent Change: +7.67%

$AXTA$SHW
Wire

UBS Adjusts Price Target on Axalta Coating Systems to $32 From $31, Maintains Neutral Rating

Axalta Coating Systems (AXTA) has an average rating of overweight and mean price target of $35.79, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $28.72, Change: $+0.30, Percent Change: +1.06%

$AXTA
Research

Wells Fargo Downgrades Axalta Coating Systems to Equal Weight From Overweight, Adjusts Price Target to $30 From $39

Axalta Coating Systems (AXTA) has an average rating of overweight and mean price target of $36.64, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$AXTA