BASF (BASFY) SE recently sent out information to potential suitors for of its coating business, in a process that could value the union at $6.8B, Dinesh Nair, Eyk Henning, Swetha Gopinath, and Pamela Barbaglia of Bloomberg reports, citing people familiar with the matter. Carlyle Group (CG) is considering bidding for the coating business with Sherwin-Williams (SHW), the sources added,
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BASFY:
- BASF upgraded to Outperform from Neutral at Grupo Santander
- Trump Trade: Trump considers 50% tariff on EU, 25% on iPhones
- Trump admin report implies companies are worsening health of children, FT says
- BASF downgraded to Hold from Buy at Jefferies
- Trump officials pushback on RFK Jr.’s attack on pesticides, WSJ reports