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Axalta Coating Systems Announces CoverFlexx Group Acquisition
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Axalta Coating Systems Announces CoverFlexx Group Acquisition

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.

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