Renewable Energy

Axalta Coating Systems says exploring potential sale of company

Axalta Coating Systems Ltd initiated a review of strategic options, including a potential sale of the company, the coatings producer said on Wednesday.

June 19 (Reuters) - Axalta Coating Systems Ltd AXTA.N initiated a review of strategic options, including a potential sale of the company, the coatings producer said on Wednesday.

Axalta's market cap was $6.06 billion as of Tuesday's close, according to IBES data from Refinitiv.

The company said it has hired Evercore and Barclays as financial advisers to assist in the review.

(Reporting by Debroop Roy in Bengaluru; Editing by Shailesh Kuber)

((Debroop.Roy@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 80 6749 1690; Reuters Messaging: debroop.roy.thomsonreuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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