Axalta o Acquire The CoverFlexx Group For A Total Cash Consideration Of $285M

5/13/24 8:15:06 AM ET

Paints/Coatings

Consumer Discretionary

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Axalta Coating Systems (NYSE:AXTA), a leading global coatings company, today announced that it has entered into a definitive agreement to acquire The CoverFlexx Group from Transtar Holding Company for initial cash consideration of $285 million, plus an additional $10 million earnout based on the business's 2024 performance. Closing is expected to occur in the third quarter and is subject to regulatory approval and other customary closing conditions.

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Recent Analyst Ratings for
$AXTA

Date	Price Target	Rating	Analyst
11/13/2024	$47.00	Outperform	Evercore ISI
3/1/2024		Peer Perform	Wolfe Research
1/8/2024	$35.00 → $36.00	Buy → Neutral	UBS
6/14/2023	$37.00	Buy	Citigroup
2/17/2023	$30.00 → $36.00	Sector Perform → Outperform	RBC Capital Mkts
1/30/2023	$30.29 → $35.19	Neutral → Buy	Citigroup
1/30/2023	$25.00 → $40.00	Hold → Buy	Deutsche Bank
10/28/2022	$27.00	Outperform → Neutral	Exane BNP Paribas

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Axalta o Acquire The CoverFlexx Group For A Total Cash Consideration Of $285M

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Recent Analyst Ratings for $AXTA

$AXTA Large Ownership Changes

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SEC Form SC 13G filed by Axalta Coating Systems Ltd.

Amendment: SEC Form SC 13G/A filed by Axalta Coating Systems Ltd.

Amendment: SEC Form SC 13G/A filed by Axalta Coating Systems Ltd.

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SEC Form 10-Q filed by Axalta Coating Systems Ltd.

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Director Zappone Mary Slagle converted options into 1,464 shares (SEC Form 4)

SVP & CHRO Tufano Amy converted options into 3,657 shares and covered exercise/tax liability with 1,680 shares, increasing direct ownership by 21% to 11,483 units (SEC Form 4)

SVP, GC and Corp. Secretary Tablin-Wolf Alex converted options into 4,876 shares and covered exercise/tax liability with 2,255 shares, increasing direct ownership by 30% to 11,270 units (SEC Form 4)

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