Berkshire to Buy $560 Million Axalta Stake From Carlyle

April 7, 2015 11:49 AM

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Berkshire Hathaway Inc. agreed to buy $560 million of stock in Axalta Coating Systems Ltd. from affiliates of Carlyle Group LP as Warren Buffett’s company expands its bets on industrial companies.

Berkshire is buying 20 million shares for $28 apiece, compared with Monday’s closing price of $28.33, Philadelphia-based Axalta said in a statement Tuesday. Omaha, Nebraska-based Berkshire agreed to hold the stock for at least 90 days. Axalta rallied to $29.11 in early trading at 7:31 a.m. in New Yo...

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