Akzo Nobel CEO flagged for $7B Axalta bid

|About: Akzo Nobel N.V. ADR (AKZOY)|By:, SA News Editor

Despite Akzo Nobel (OTCQX:AKZOY) CEO Ton Buechner's cost cutting agenda, the chief exec is being singled out for a deal to buy Axalta Coating Systems for more than $7B.

Bloomberg reports that the company has not yet indicated if it will pursue the deal.

Carlyle Group (NASDAQ:CG) purchased vehicle-coatings company Axalta from Dupont for $4.9B in February 2013 and filed for its IPO last month.