Akzo Nobel approaches Axalta about possible merger

From Reuters:

Dutch paints and coatings giant Akzo Nobel NV has approached U.S. rival Axalta Coating Systems Ltd to talk about a possible merger that would create a global coatings group, according to sources familiar with the matter.

Axalta is in the early stages of considering a deal and there is no certainty that the two companies will agree to a merger, one of the sources said on Friday.

Neither company immediately responded to requests for comment.

Axalta is up 21% today.

Posted by on October 27th, 2017 at 12:50 pm

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