Brief: Akzo Nobel Has Rejected Cash Offer From Nippon Paint And Sherwin-Williams

Sherwin-Williams

27/05/2026 07:13

May 27 (Reuters) - Akzo Nobel NV AKZO.AS:
TO RELEASE SEC FORM F-4 DETAILING ITS PROPOSED MERGER WITH AXALTA; AKZONOBEL HAS REJECTED CASH OFFER FROM NIPPON PAINT AND SHERWIN-WILLIAMS
CONFIRMS THAT IT REJECTED ON MAY 1, 2026 A CONDITIONAL AND NON-BINDING PROPOSAL FROM NIPPON PAINT AND SHERWIN-WILLIAMS
BOTH AKZONOBEL BOARDS UNANIMOUSLY CONTINUE TO RECOMMEND THE MERGER OF EQUALS BETWEEN AKZONOBEL AND AXALTA
NIPPON PAINT AND SHERWIN-WILLIAMS APRIL 29, 2026 MADE A CASH OFFER FOR ALL ISSUED AND OUTSTANDING SHARES OF AKZONOBEL AT AN INDICATIVE OFFER PRICE OF EUR 73.00 IN CASH PER SHARE
BOARDS CONSIDERED INDICATIVE OFFER PRICE DID NOT COME CLOSE TO ADEQUATELY REFLECTING VALUE OF AKZONOBEL AND ITS LONG-TERM PROSPECTS
Source text: https://tinyurl.com/bdd2c2bv
Further company coverage: AKZO.AS

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