AkzoNobel rejected attempts to cut in on Axalta merger
By 
Phillip Broadwith2026-05-29T12:38:00
€13 billion counter-offer by Nippon Paints and Sherwin-Williams ‘undervalues’ the company
Ahead of its planned merger with US firm Axalta, dutch coatings giant AkzoNobel has disclosed that it received – and promptly rejected – two joint counter-offers from Sherwin-Williams and Nippon Paint. The higher of these, rejected on 1 May, offered €73 in cash per AkzoNobel share, totalling around €13 billion (£11 billion).