Akzo Nobel NV to Acquire Axalta Coating Systems in $9.2 Billion Deal, Reshaping Global Paint Industry

Overview

Dutch paints and coatings giant Akzo Nobel NV has agreed to acquire its rival Axalta Coating Systems Ltd. in a cross-border share deal valued at €7.9 billion ($9.2 billion). The acquisition aims to consolidate the coatings industry, with the combined entity planning to list on the New York Stock Exchange. Akzo Nobel's stock saw a decline following the announcement.