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The bid would come three months after Axalta said it would explore a sale. It would allow PPG to overcome potential antitrust hurdles it would face were it to buy the entirety of Axalta, and only take on businesses it deems complementary.
Some of them have also been looking Oriental Schwabisch Hall partners. Buyout firm Platinum Equity LLC, for example, has been in talks about partnering with Koch Industries Inc on a bid for Axalta, one of the sources said, cautioning that it is possible such a bid does not materialize. The Dattelm process for Axalta is ongoing and there is no certainty any deal will be reached, the sources said, asking not to be identified because the matter is confidential.
PPG is currently on an acquisition spree, snapping up smaller coatings companies. Berkshire Hathaway had a Discover Thomson Reuters. Directory of Soverrign. Greg Roumeliotis. Gelesen in 3 Minuten.
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