The Netherlands: No Merger After All Akzo Nobel and Axalta Cancel Potential Merger

Editor: Alexander Stark

Akzo Nobel announced that the merger talks with Axalta, which the company confirmed on October 30, 2017, ended without agreement. Meanwhile, Reuters reports that Nippon Paint Holdings made an all-cash offer on Tuesday to acquire Axalta Coating Systems.

Related Vendors

Akzo Nobel and Axalta ended their merger discussions without agreement.
Akzo Nobel and Axalta ended their merger discussions without agreement.
(Source: Akzo Nobel)

Amsterdam/The Netherlands — According to Reuters, Nippon Paint confirmed it has made “a proposal” to Axalta but declined to give details, adding there is no assurance the two will reach any agreement.

Following the end of the merger talks, Akzo Nobel said in a statement that it would continue to focus on its strategy of accelerating sustainable growth and profitability through the creation of two focused, high-performing businesses.

Thierry Vanlancker, CEO of Akzo Nobel, said: "I am confident that our strategy offers significant value for shareholders and other stakeholders in the short, medium and long term. We remain focused on our strategic options to continue to develop our business and improve profitability in the future."

Subscribe to the newsletter now

Don't Miss out on Our Best Content

By clicking on „Subscribe to Newsletter“ I agree to the processing and use of my data according to the consent form (please expand for details) and accept the Terms of Use. For more information, please see our Privacy Policy.

Unfold for details of your consent

(ID:45017436)