What was the value and nature of the rejected takeover bid for AkzoNobel?

The rejected takeover bid was valued at $14.53 billion and came jointly from Nippon Paint Holdings and Sherwin-Williams Co; AkzoNobel stated it was not superior to its existing all-stock merger agreement with Axalta Coating Systems.

What is AkzoNobel's planned alternative to the rejected bid, and what is its estimated value?

AkzoNobel is proceeding with its previously announced all-stock merger with Axalta Coating Systems to create a global paint giant valued at approximately $17 billion.

AkzoNobel Rejects $14.5 Billion Nippon Paint, Sherwin-Williams Takeover Bid

May 27, 2026

AkzoNobel rejected a $14.5 billion takeover offer from Nippon Paint and Sherwin-Williams, proceeding instead with its merger agreement with Axalta Coating Systems to create a $17 billion global paint giant.

WSJ

AkzoNobel rejects €12.5B cash offer from Nippon Paint, Sherwin-Williams

chemweek

AkzoNobel Rejects €12.5B Cash Offer from Nippon Paint, Sherwin-Williams

chemweek

2026-05-27

Akzo Nobel Rejects Cash Offers From Nippon Paint and Sherwin-Williams

2026-05-27

AkzoNobel Rejects Takeover Offer from Nippon Paint and Sherwin-Williams

2026-05-27

AkzoNobel Rejects $14.5 Billion Nippon Paint, Sherwin-Williams Takeover Bid