Reuters: Nippon Makes Deal for Axalta

From Reuters:

Japan’s Nippon Paint Holdings made an all-cash offer on Tuesday to acquire Axalta Coating Systems, a source familiar with the matter said, prompting Axalta to end merger talks with Akzo Nobel.

Nippon’s offer came at a premium to where Axalta shares ended trading on Monday, the source said, asking not to be identified because the matter is confidential.

Nippon did not immediately respond to a request for comment, while Akzo Nobel and Axalta declined to comment.

Posted by on November 21st, 2017 at 6:18 pm


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