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

The Sherwin-Williams

The Sherwin-Williams

SHW

0.00

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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