• AkzoNobel’s agreed acquisition of Axalta was restructured to add a second Bermuda holding subsidiary to optimize tax integration.
• The revised structure keeps the initial merger of AkzoNobel’s merger subsidiary into Axalta, with Axalta surviving that step.
• A second merger would then fold the surviving Axalta entity into the new holding subsidiary, leaving it as AkzoNobel’s direct wholly owned unit.
• The amendment also adjusts how jointly nominated independent directors may be seated around closing, including temporary appointments until a post-close shareholder meeting.
• Axalta shareholders’ tax treatment is unchanged under the revised structure.

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. Axalta Coating Systems Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-242917), on May 28, 2026, and is solely responsible for the information contained therein.