** Shares in Dutch paint maker Akzo Nobel AKZO.AS are seen up between 3% and 8% after the company confirmed receiving a takeover offer from Nippon Paint 4612.T for its decorative paints business - LSEG data

** The indicative enterprise valuation for the unit stands at €7.5 billion ($8.55 billion) on a cash-free and debt-free basis

** Decorative Paints made up about 45% of the company's core profit in 2025

** New proposal follows Nippon Paint and Sherwin-Williams SHW.N withdrew a joint bid to acquire the entire firm for €12.5 billion

** Akzo Nobel says its boards continue to unanimously recommend a planned merger with coatings maker Axalta AXTA.N

($1 = 0.8771 euros)