Some Axalta Coating Systems
It’s really boring sitting out there without a merger arb / special situations play. So today, I initiated a position in Axalta Coating Systems (Ticker: AXTA) at an average price of ~ $37.50 (~ 7.7% position). It looks like an all cash bid from Nippon Paint will occur shortly. I’ve seen price talk ranging from low to mid $40s so we will see…