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AKZA — Akzo Nobel NV News Story

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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions

- The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Monday:

** AkzoNobel AKZO.AS has received multiple proposals from Nippon Paint 4612.T to buy its decorative paints business, valuing the business at €7.5 billion ($8.55 billion), it said, a month after Nippon Paint withdrew an offer to buy the whole firm along with U.S.-based Sherwin-Williams SHW.N for €12.5 billion.

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** Australian gold producer Regis Resources RRL.AX said that it will not submit a counterproposal to match an A$5.6 billion ($3.88 billion) bid from Genesis Minerals GMD.AX to buy Vault Minerals VAU.AX.

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(Compiled by Rajarshi Roy and Dharna Bafna in Bengaluru)

((Rajarshi.Roy@thomsonreuters.com))

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