Axalta shares soar 10% premarket after company says it's reviewing strategic options

Axalta Coating Systems Ltd. shares AXTA, +0.08% soared 10% in premarket trade Wednesday, after the paint company said its board has started a review of its strategic options, including a possible sale. The board has formed a committee that will be chaired by its independent presiding director Mark Garrett and will include Chief Executive Robert Bryant and independent director Samuel Smolik.

"Axalta's Board is committed to maximizing value for all shareholders and has initiated a comprehensive review of strategic alternatives, including a potential sale of the Company, changes in capital allocation, and ongoing execution of our strategic plan," Garrett said in a statement.The board has hired Evercore and Barclays as financial advisers and Morrison & Foerster LLP as legal advisor to help with the review.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

10 women in tech share advice for others entering the industryAccording to research by Google, women receive just 18 percent of computer science degrees. Three decades ago, that number was 37 percent.\n\nUnsatisfied with that status quo, many tech companies are taking steps to make their teams more representative of the country as a whole. We asked technology leaders at 10 of them to share more about those initiatives, along with the advice they offer women about getting started in the industry.\n\n
Source: Women 2.0 - 🏆 149. / 63 Read more »