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Business 18 Aug 2021 | 7:00 AM

Berkshire trims GM bet, ramps up Kroger stake

NEW YORK: Warren Buffett’s Berkshire Hathaway Inc trimmed its investment in General Motors Co (GM) for the third quarter in a row and pulled back on its pharmaceutical bets, while boosting a stake in Kroger Co.

Business 18 Apr 2019 | 12:00 AM Premium

Nippon Paint buying Australia’s DuluxGroup

Tokyo: Nippon Paint Holdings Co agreed to buy Australia’s DuluxGroup Ltd for A$3.8bil (US$2.7bil) in cash, giving it access to the country’s No. 1 sales channel for paints and coatings, as well as sealants, adhesives, garage doors, cabinets and architectural hardware.

Corporate News 14 Aug 2018 | 10:23 PM Premium

Billionaire Warren Buffett's Berkshire boosts Goldman, Teva stakes; buys more Apple

NEW YORK: Warren Buffett's Berkshire Hathaway Inc boosted its investments in Goldman Sachs Group Inc and Israel's Teva Pharmaceutical Industries Ltd during the second quarter and confirmed it has expanded its already huge bet on iPhone maker Apple Inc.

Business 23 Nov 2017 | 12:00 AM Premium

Nippon Paint bidding for Axalta as Akzo talks end

TOKYO: Nippon Paint Holdings Co made a surprise counter-bid for Axalta Coating Systems Ltd, derailing amicable merger talks between the US company and Dutch paint maker Akzo Nobel NV as the Asian firm attempts one of the biggest deals in its history.

Business 31 Oct 2017 | 12:29 AM Premium

Breakfast briefing: Tuesday, October 31 (Update)

Breakfast briefing: Tuesday, October 31

Business 31 Oct 2017 | 12:00 AM Premium

Akzo seeks US$30b merger

MSTERDAM: Dutch paints maker Akzo Nobel, under pressure after rejecting a lucrative takeover offer and two profit warnings, has confirmed merger talks with smaller US rival Axalta Coating Systems Ltd to create a US$30bil company.

Business 14 Aug 2014 | 6:46 AM Premium

Carlyle taps banks for former DuPont unit IPO

NEW YORK: Buyout firm Carlyle Group LP has hired banks for an initial public offering of Axalta Coating Systems LLC, according to people familiar with the matter, just a year and a half after it acquired the company from Dupont for $4.9 billion.