Why Axalta Coating Systems Ltd's Shares Plunged 22% Today
Shares of Axalta Coating Systems Ltd (NYSE: AXTA) plunged as much as 22% in trading Thursday after rejecting a buyout offer from Nippon Paint. Shares were down 16.2% at 3:05 p.m. EST Thursday and showed no signs of recovery late in the day.
According to Reuters, the latest offer from Nippon Paint was for $37 per share in cash, a price Axalta's management didn't think was enough to complete a buyout. The bid would have valued the company at $9.1 billion.
Image source: Getty Images.
Source: Fool.com
Axalta Coating Systems Ltd. Aktie
31,60 €
-2,47 %
Einige positive Einschätzungen für Axalta Coating Systems Ltd. mit mehr Buy- als Sell-Einschätzungen.
Ein positives Kurspotenzial für Axalta Coating Systems Ltd. ist gegeben, mit einem Kursziel von 37 € über dem aktuellen Kurs von 31.6 €.
