7 April 2015
ABOUT AXALTA COATING SYSTEMS LTD.
VIEW AXALTA FY 2014 PRESENTATION
DETAILS
today announced that
an affiliate of
has entered into a definitive stock purchase agreement
with certain affiliates of The Carlyle Group (“Carlyle”)
for the purchase of a total of 20 million of Axalta’s common shares
for an aggregate purchase price of
or
Axalta will not receive proceeds from the sale of the shares.
In connection with the purchase,
it would not dispose of the shares for 90 days
following the consummation of the sale.
Axalta has agreed to provide
with certain registration rights
following the expiration of that 90-day period.
Chairman and CEO
"We are pleased to have
take this share ownership position in Axalta,"
"Berkshire is the type of quality investor that
Axalta has been fortunate to attract since our IPO last year.
We believe this investment shows
Berkshire’s support of our strategy to reshape ourselves into
a growth and customer oriented, world class coatings company."
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