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Akzo Nobel N.V. Q2 2010 Earnings Call TranscriptJul. 24, 2010
Akzo Nobel N.V. ADR Q1 2010 Earnings Call TranscriptJun. 10, 2010
Tue, Sep. 2, 3:52 AM
- 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.
Dec. 14, 2012, 4:56 AMPPG Industries (PPG) agrees to acquire the North American decorative paints business of Akzo Nobel (AKZOF.PK) for $1.1B. The deal will increase PPG's U.S. market share to an estimated 28% from 15% and boost its challenge to Sherwin-Williams, which holds 36%. PPG may also be buying the unit, which sells the Glidden paint brand and recently became profitable, on the cheap: the price represent 0.7X of sales vs 1X for similar deals in the sector. (PR) | Comment!
Oct. 28, 2011, 2:33 PMThe rumor indicating DuPont (DD +0.5%) is considering selling its auto paint division gains some legs. Bloomberg reports Credit Suisse has been hired to shop around the Performance Coatings division, while Greenhill will sell a small power coatings unit. Potential buyers: PPG, BASFY.PL, AKZOY.PK. | Comment!
Jun. 27, 2011, 1:39 PM
Jun. 30, 2010, 11:30 AMWith prime house-painting season arriving around the northern hemisphere, paint makers are hiking prices amid a shortage of raw materials, squeezing profits. "There won't be enough house paint to go around" from Akzo (AKZOY.PK), PPG Industries (PPG) and Sherwin-Williams (SHW), and ingredient supplier Dow Chemical (DOW) can't fill all its orders. | 8 Comments
Jun. 21, 2010, 7:38 AMCorn Products International (CPO) agrees to buy AkzoNobel's (AKZOY.PK) National Starch business for $1.3B in cash. The deal will create a new sugars-and-starch giant with $5B in revenues, and will be Corn Products' first major deal since its aborted attempt to sell itself two years ago. (PR) | Comment!
AKZOY vs. ETF Alternatives
Akzo Nobel is a diversified multinational group of companies with activities in paint, coatings and chemicals. The coatings group includes aerospace and automotive, decorative,industrial, marine and protective and powder coatings. The chemicals group includes industrial,functional, pulp and... More
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