What is the reported valuation and financial multiple of Akzo Nobel's decorative paints business in Nippon Paint's latest offer?

According to Bloomberg News, Nippon Paint's latest proposal values Akzo Nobel's decorative paints business at 7.5 billion euros ($8.55 billion), which equates to approximately 12 times its projected 2026 earnings before interest, taxes, depreciation, and amortization (EBITDA). The report explicitly states this valuation figure and multiple, citing people familiar with the matter, and notes that Akzo Nobel's management did not engage with the offer or inform shareholders about it.

Has Akzo Nobel's management responded to Nippon Paint's offer, and what is the current status of the potential acquisition?

No, Akzo Nobel's management has not engaged with Nippon Paint regarding the offer, nor has it informed its shareholders of the approach, as reported by Bloomberg News. Furthermore, the report clarifies that no final decision has been made on the matter, and Nippon Paint retains the option to abandon its pursuit of the business entirely — indicating the offer remains non-binding and at an early, unaccepted stage.