UPDATE 1-Berkshire takes 8.7 pct stake in Carlyle-controlled Axalta

April 7, 2015 12:41 PM

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April 7 (Reuters) - Paint maker Axalta Coating Systems Ltd said Berkshire Hathaway Inc would buy an 8.7 percent stake in the company from controlling shareholder Carlyle Group for $560 million.

Warren Buffett's Berkshire is buying 20 million shares at $28 per share, a slight discount to the stock's Monday closing.

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