• AkzoNobel rejected a conditional, non-binding all-cash proposal from Nippon Paint and Sherwin-Williams at EUR 73 per share.
• Nippon Paint would have kept Decorative Paints and Industrial Coatings; Sherwin-Williams would have bought the remaining coatings units via a split.
• The boards said the price undervalued AkzoNobel, citing long-term prospects and the planned merger with Axalta.
• AkzoNobel also flagged deal uncertainty tied to regulatory clearances and execution risk around separating the businesses.
• AkzoNobel reiterated support for its proposed merger with Axalta as it prepares to release an SEC Form F-4 on the transaction.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Akzo Nobel NV published the original content used to generate this news brief on May 27, 2026, and is solely responsible for the information contained therein.