AkzoNobel is to file an SEC F-4 for its Axalta merger and has rejected a Nippon Paint/Sherwin-Williams cash offer. The boards said the proposal undervalued the company, lacked regulatory and divestment certainty, and failed to protect stakeholders. They unanimously back the planned merger with Axalta and will provide updates.
Insights / M&A
M&AAkzoNobel to file SEC F-4 for Axalta merger and rejects Nippon Paint/Sherwin-Williams cash offer
AkzoNobel will file an SEC F-4 for its planned merger with Axalta and has rejected a cash offer from Nippon Paint and Sherwin-Williams, stating the proposal undervalued the company and lacked regulatory certainty.
