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The UK Competition and Markets Authority has launched a probe into AkzoNobel's proposed $25 billion merger with Axalta to assess competition concerns, with a Phase 1 decision due by November 11.
AkzoNobel and Axalta shareholders have overwhelmingly approved an equal merger valued at approximately $25 billion. Regulatory approvals are still pending, with completion expected between late 2026 a
AkzoNobel reported a 12% Q2 net income increase driven by pricing gains and margin expansion, despite revenue declining 1% after divesting Indian liquid coatings. Progress continues on its planned mer
Nippon Paint submitted a €7.5 billion offer to acquire AkzoNobel's decorative paints business, but AkzoNobel rejected the bid as undervalued and recommended a merger with Axalta instead.
Europe's coating market faces slow recovery until 2027, contrasting sharply with India's high-growth trajectory driven by construction demand. Meanwhile, major M&A activities like BASF's divestiture a
Axalta reported lower sales and income due to reduced North American volumes, with adjusted earnings dropping 2% to 59 cents per share, aligning with analyst expectations.
AkzoNobel reported doubled net profits of €598 million for Q4 2025, driven by a €655 million gain from selling its Indian subsidiary. Meanwhile, progress on its merger with Axalta continues toward com
AkzoNobel and Axalta are merging in a $25 billion deal to form a leading paints and coatings company, with transaction closing expected in late 2026 or early 2027.
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