Nippon Paint, Sherwin-Williams end pursuit of AkzoNobel after rejection

Akzo Nobel NV

03/06/2026 08:13

    TOKYO, June 3 (Reuters) - Nippon Paint 4612.T and Sherwin-Williams SHW.N said on Wednesday they have decided to terminate their efforts to jointly acquire rival paint maker AkzoNobel AKZO.AS.
The decision followed AkzoNobel's rejection of their €12.5 billion ($14.6 billion) cash takeover offer last week.

 (Reporting by Kantaro Komiya; Editing by Jacqueline Wong)
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