Axalta Confirms Acquisition Discussions with Nippon Paint
November 22 2017 - 3:42AM
Business Wire
Axalta Coating Systems (NYSE: AXTA) (“Axalta”), a leading global
coatings company, today issued the following statement:
“Axalta today confirmed that it is engaged in discussions with
Nippon Paint regarding a potential acquisition of Axalta. Axalta
will pursue such a transaction only if its Board of Directors
determines that it is in the best interest of Axalta to do so.
There can be no assurances that a definitive agreement between the
parties will be reached or on what terms.”
About Axalta
Axalta is a global leader in the coatings industry, providing
customers with innovative, colorful, beautiful and sustainable
coatings solutions. From light vehicles, commercial vehicles and
refinish applications to electric motors, building facades and
other industrial applications, our coatings are designed to prevent
corrosion, increase productivity and enhance durability. With more
than 150 years of experience in the coatings industry, the 13,300
people of Axalta continue to find ways to serve our more than
100,000 customers in 130 countries better every day with the finest
coatings, application systems and technology. For more information,
visit axaltacoatingsystems.com and follow us @axalta on
Twitter.
Cautionary Statement Concerning Forward-Looking
Statements
This release may contain certain forward-looking statements
regarding Axalta and its subsidiaries including those relating to
Axalta’s pursuit of value-creating alternatives, including the
potential for a transaction. Forward-looking statements are based
on management’s expectations as well as estimates and assumptions
prepared by management that, although they believe to be
reasonable, are inherently uncertain. These statements may involve
risks and uncertainties, including, but not limited to, the
parties’ ability to reach a definitive agreement or the terms
thereof. Axalta undertakes no obligation to update or revise
any of the forward-looking statements contained herein, whether as
a result of new information, future events or otherwise.
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version on businesswire.com: http://www.businesswire.com/news/home/20171122005197/en/
Axalta Coating SystemsInvestors:Christopher
Mecray,
+1-215-255-7970Christopher.Mecray@axaltacs.comorMedia:Robert
Ferris, +1-215-255-7981Rob.Ferris@axaltacs.com
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