Hints and tips:
...Wall Street’s top bankers may still be shuttered in their Hamptons homes, a layer of dust coating their corner offices and their passports moot, but the pandemic hasn’t halted the arrival of international...
...Selling the unit is an essential for Akzo as steers its business towards paints and coatings, analysts said....
...Dutch paintmaker Akzo Nobel and its US rival Axalta Coating Systems have terminated talks over a multibillion dollar merger after failing to reach an agreement....
...A combination of the two companies would create a dominant presence in the $130bn global paints and coatings industry....
...What distinguishes Dura-Plate 301W from rival coatings is that it combines surface and humidity tolerance with low temperature curing, according to Nick Ball, regional marketing director for Sherwin-Williams...
...Financing for Carlyle’s $5.15bn purchase of the performance coating business of DuPont was priced two weeks ago and the deal closed on February 1....
...Michigan-based TRW, which specialises in vehicle control systems, has raised almost $1.2bn in equity, bonds and term loans since August....
...A number of companies have developed special road coatings such as Cargill’s SafeLane, an epoxy pavement that provides additional friction and helps hold de-icers, and has been used on bridges and in car...
...Banks also managed to sell a $3.75bn high-yield bond package needed to fund Energy’s Future’s buy-out by TPG....
...Delphi’s bonds went from about 55 cents on the dollar to about 70 cents before falling back after the auction. Since Dura filed for bankruptcy on Monday, its bonds and loans have traded flat to lower....
...Demand for these metals are driven by the global steel industry in which both metals are important coating and alloying elements....
...The company said rising raw materials costs had eaten into margins at its coatings unit, but was offset by a strong performance at its chemicals division....
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