Akzo's cost-cutting CEO solicited for $7 Billion Deal

摘要

AKZO Nobel NV Europe's largest paintmaker, is being sounded out as a potential buyer of Axalta Coating Systems valued at $7 billion, according to people familiar with the matter. Carlyle Group LP which bought car-coatings company Axalta from DuPont Co. for $4.9 billion in February 2013, is open to bids alongside a planned initial public offering, said the people, who asked not to be identified because the plan is private. Investment bankers are speaking with Amsterdam-based Akzo Nobel to pitch a deal, although the Dutch company hasn't indicated whether it will pursue Axalta, the people said.