BRIEF-Akzonobel And Axalta To Combine In All-Stock Merger Of Equals With $25 Billion Enterprise Value

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Nov 18 (Reuters) - Akzo Nobel NV AKZO.AS:

  • AKZONOBEL AND AXALTA TO COMBINE IN ALL-STOCK MERGER OF EQUALS, CREATING A PREMIER GLOBAL COATINGS COMPANY

  • AXALTA COATING SYSTEMS LTD: CREATES A GLOBAL COATINGS LEADER WITH $17 BILLION IN REVENUE AND AN ENTERPRISE VALUE OF $25 BILLION

  • AXALTA COATING SYSTEMS LTD - CREATING GLOBAL COATINGS COMPANY WITH $25 BILLION ENTERPRISE VALUE

  • AXALTA COATING SYSTEMS LTD - GREG POUX-GUILLAUME TO SERVE AS CEO OF COMBINED COMPANY

  • AXALTA COATING SYSTEMS LTD - SHAREHOLDERS TO RECEIVE 0.6539 SHARES OF AKZONOBEL STOCK

  • AXALTA COATING SYSTEMS LTD - EXPECTED SYNERGIES OF $600 MILLION, 90% ACHIEVED WITHIN THREE YEARS

  • AXALTA COATING SYSTEMS LTD: AGREED TO SUSPEND ANY ONGOING OR ANNOUNCED SHARE BUYBACK PROGRAMS, EFFECTIVE IMMEDIATELY

  • AXALTA COATING SYSTEMS LTD - AKZONOBEL TO PAY SPECIAL CASH DIVIDEND OF €2.5 BILLION

  • AXALTA COATING SYSTEMS LTD - CARL ANDERSON TO SERVE AS CFO OF COMBINED COMPANY

Source text: ID:nGNX5FFwFL

Further company coverage: AKZO.AS


((Reuters.Briefs@thomsonreuters.com;))

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