Nov. 18 at 11:40 AM
🚀
$AXTA EXPLODES ON MEGA-MERGER NEWS
$AXTA jumped 13% premarket after announcing an all-stock merger with Akzo Nobel (
$AKZOY), creating a
$25B global coatings giant with
$17B revenue and
$600M in annual synergies.
Axalta holders get 0.6539
$AKZOY per share. New company = 55% Akzo / 45% Axalta, with massive efficiency gains expected within 3 years.
The combined beast brings 100+ brands, 173 factories, 91 R&D centers, and EBITDA margins pushing 20%. 💥
Leadership: Akzo CEO takes the top seat, Axalta’s CEO becomes Deputy. Dual HQs (Amsterdam + Philly), eventual single NYSE listing with a new ticker.
$AXTA hit ~
$30 premarket after being crushed 30% this year. This merger might finally be the catalyst to wake up the stock. 🎨🔥