AkzoNobel rallies after rejecting 39% premium takeover approach

Sherwin-Williams

27/05/2026 09:31

** Shares in Dulux paint maker AkzoNobel AKZO.AS jump about 15% after the group rejected a cash offer from Nippon Paint 4612.T and Sherwin-Williams SHW.N
** The €73 ($85) per share offer represents a 39% premium to AkzoNobel's previous close of €52.52
** "Akzo considers its own merger proposal with Axalta AXTA.N to be superior and pushes ahead on this track," says KBC
** Shares on track for their best day since October 2008. At the previous close, the stock was down 11.3% YTD

 (Reporting by Dimitri Rhodes)
 ((Danilo.Masoni@TR.com))