Deals of the day-Mergers and acquisitions

Akzo Nobel NV

27/05/2026 10:42

May 27 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Wednesday:
     
** Dulux paint maker AkzoNobel <AKZO.AS> has rejected a cash takeover offer of €73 ($85) per share from rivals Nippon Paint <4612.T> and Sherwin-Williams <SHW.N>, the Dutch company said, sending its shares 16% higher.
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** Private equity fund CVC Capital Partners on Tuesday sold its entire 13.8% stake in Spanish energy company Naturgy <NTG.MC>, worth around €4 billion ($4.65 billion) at current market prices, through Goldman Sachs, the U.S. bank said.
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** Arthur J Gallagher has acquired West Palm Beach, Florida-based Twin Elms, the insurance broker announced on Tuesday.
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** Occidental Petroleum <OXY.N> is acquiring a 10% stake in Exxon Mobil's <XOM.N> deepwater exploration block offshore Trinidad and Tobago, according to two people familiar with the matter.
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($1 = 0.8587 euros)

 (Compiled by Rajarshi Roy and Koyena Das in Bengaluru)
 ((Rajarshi.Roy@thomsonre))