Nippon Paint, Sherwin-Williams end pursuit of AkzoNobel after rejection

The Sherwin-Williams

The Sherwin-Williams

SHW

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TOKYO, June 3 (Reuters) - Nippon Paint 4612.T and Sherwin-Williams SHW.N said on Wednesday they have decided to terminate their efforts to jointly acquire rival paint maker AkzoNobel AKZO.AS.

The decision followed AkzoNobel's rejection of their €12.5 billion ($14.6 billion) cash takeover offer last week.


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