Speculating in Takeover Targets Message Board

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Strategies & Market Trends : Speculating in Takeover Targets

ULBI 5.820

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3:59 PM EST

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To: richardred who wrote (5289)	6/19/2019 10:40:08 AM
From: richardred	Read Replies (1) of 7253

AXTA- New Buy- I made a bet that a third time will be a charm. Hypothetically IMO- mid thirties takes it. That's 15% from here. The reason why I bought. Past three Qtrs. of earnings beats. Previous suitors for the company. Oldie Snip from previous post>Axalta, whose largest shareholder is Warren Buffett’s Berkshire Hathaway Inc, said it continued to pursue other “value-creating alternatives” although it did not disclose Nippon Paint’s role, if any, in the termination of the discussions. Nippon Paint, Japan’s biggest paint supplier and 39 percent owned by Singapore-based investment company Wuthelam Holdings Ltd, made the all-cash offer at a premium to where Axalta shares ended on Monday at $33.54, one of the sources said. The offer was credible enough for Axalta to end negotiations with Akzo Nobel, the source added.

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