Axalta Coating Systems (AXTA) Says Carlyle to Sell 41.6M Shares
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Axalta Announces Sale of 41,621,996 Common Shares by Affiliates of The Carlyle Group
July 28, 2016 6:20 AM EDTPHILADELPHIA--(BUSINESS WIRE)-- Axalta Coating Systems Ltd. (NYSE: AXTA) has announced the sale of 41,621,996 common shares on an underwritten basis by affiliates of The Carlyle Group (Carlyle). Axalta will not receive any of the proceeds from the offering of shares by Carlyle. Closing of the offering is expected to occur on or about August 2, 2016, subject to customary closing conditions.
The last reported sale price of Axaltas common shares on July 27, 2016 was $28.97 per share. Goldman, Sachs & Co. is acting as the sole underwriter for the offering. Goldman, Sachs & Co. proposes to offer... More
