Bidness Etc discusses why Warren Buffett’s Berkshire Hathaway is betting on the recovering US automotive industry by acquiring an 8.7% holding in Axalta Coating Systems
Warren Buffett’s Berkshire Hathaway Inc. (NYSE:BRK.A) announced on Tuesday that it intends to acquire an 8.7% stake in Axalta Coating Systems Ltd (NYSE:AXTA) for $560 million. The company intends to acquire 20 million shares from The Carlyle Group LP (NASDAQ:CG) at a price of $28 per share. The comp...
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