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Axalta Confirms Acquisition Discussions with Nippon Paint

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By: KERRY PIANOFORTE

Editor, Coatings World, Coatings World

 Axalta Coating Systems on Nov. 22 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.”

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