12.08.2015 03:13:27

Axalta Coating Systems Announces Pricing Of Secondary Offering At $29.75/shr

(RTTNews) - Axalta Coating Systems Ltd. (AXTA) announced the pricing of a secondary offering of 30 million of its common shares at $29.75 per share. All of the shares are being offered by certain affiliates of The Carlyle Group.

The selling shareholders have also granted the underwriters a 30-day option to purchase up to an additional 4.50 million common shares.

Axalta noted that it will not receive any proceeds from the offering, including from any exercise by the underwriters of their option to purchase additional common shares.

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