tiprankstipranks
Axalta Coating Systems Announces CoverFlexx Group Acquisition
Company Announcements

Axalta Coating Systems Announces CoverFlexx Group Acquisition

Don't Miss our Black Friday Offers:

An update from Axalta Coating Systems (AXTA) is now available.

Axalta Coating Systems Ltd. has announced its definitive agreement to acquire The CoverFlexx Group for $285 million with an additional potential $10 million based on 2024 performance. The deal is expected to close in the third quarter of 2024, pending regulatory approvals and standard closing conditions. This strategic move may have significant implications for the company’s future, although it comes with the usual forward-looking uncertainties and no guarantee of future results as per company statements.

See more insights into AXTA stock on TipRanks’ Stock Analysis page.

Related Articles
TheFlyAxalta Coating price target raised to $48 from $46 at BMO Capital
TheFlyAxalta Coating initiated with an Outperform at Evercore ISI
TheFlyAxalta Coating price target raised to $50 from $44 at Seaport Research
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App