According to a report by Reuters, PPG Industries Inc. (NYSE:PPG) and the private equity firm Clayton, Dubilier & Rice LLC (CDR) are among groups considering acquiring Axalta Coating Systems Inc. (NYSE:AXTA). Also reported to be considering a bid for Axalta is a partnership between Platinum Equity LLC, and Koch Industries Inc.
According to Reuters, the partnership between PPG and CDR could also include Singaporean sovereign wealth fund GIC and U.S. asset manager BlackRock Inc. The partnership would help alleviate antitrust concerns if PPG were to acquire all of Axalta on its own, instead allowing it to pick up complementary
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