Axalta Coating Systems (AXTA) was halted briefly around midday Thursday and resumed trading sharply lower after the company rejected a $9.1 billion takeover offer from Nippon Paint Holdings. The company has also put an end to merger talks with the Japanese company.
Axalta Coating Systems ended the day with a loss of 5.89 at $31.66 on the highest volume of the year. The stock pulled back sharply from the highs of the year and set nearly a 2-week low.
by RTT Staff Writer
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