Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.
Find out more at btsub.sg/promo
[NEW YORK] Paints company Axalta Coating Systems Ltd said Berkshire Hathaway Inc would buy an 8.7 per cent stake in the company from controlling shareholder Carlyle Group for US$560 million.
Warren Buffett's Berkshire is buying 20 million shares at US$28 per share, a slight discount to the stock's Monday closing.
Axalta, the Dupont unit which Carlyle bought for US$4.9 billion in February 2013, makes liquid and powder coatings for the automotive and transportation industries.