Why did Nippon Paint and Sherwin-Williams end their pursuit of Akzo Nobel?

Nippon Paint Holdings Co and Sherwin-Williams Co ended their pursuit of Akzo Nobel NV after their joint offers were rejected by Akzo Nobel's board, which instead unanimously recommended Akzo Nobel's planned merger with Axalta Coating Systems Ltd as superior.

What is Akzo Nobel's next step following the withdrawal of the joint bid?

Akzo Nobel will proceed with its planned merger with Axalta Coating Systems Ltd, a deal that the Dutch paintmaker's board unanimously recommends as superior to the joint offers from Nippon Paint and Sherwin-Williams.

Nippon Paint, Sherwin-Williams End Pursuit of Akzo Nobel

Jun 3, 2026

Nippon Paint and Sherwin-Williams withdrew takeover bids for Akzo Nobel after offers were rejected. Akzo Nobel will proceed with its recommended merger with Axalta Coating Systems, causing shares to plunge.

The Edge Malaysia

Sherwin-Williams and Nippon Paint End Pursuit of Akzo Nobel

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Nippon Paint, Sherwin-Williams End Pursuit of Akzo Nobel

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Nippon Paint, Sherwin-Williams End Pursuit of Akzo Nobel

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