AkzoNobel rejects takeover offer from Nippon Paint, Sherwin-Williams

Akzo Nobel NV

27/05/2026 07:18

    May 27 (Reuters) - Dulux paint maker AkzoNobel AKZO.AS has rejected a joint cash takeover offer of €73 ($85) per share from rivals Nippon Paint 4612.T and Sherwin-Williams SHW.N, the Dutch company said on Wednesday.
The company said the non-binding proposal undervalued its business and lacked deal certainty, adding that its board continued to recommend the planned merger with Axalta.
($1 = 0.8593 euros)

(Reporting by Dimitri Rhodes in Gdansk, editing by Milla Nissi-Prussak)
((Dimitri.Rhodes@thomsonreuters.com ))