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Akzo, Axalta in talks for $30-billion merger

Akzo Nobel's move indicates that its new CEO Thierry Vanlancker is continuing to look for big deals as a way to buttress the company

Reuters 

Dutch paints and coatings giant Akzo Nobel NV has approached U.S. rival Axalta Coating Systems Ltd to discuss a possible merger that would create a global coatings giant, according to sources familiar with the matter. Akzo Nobel's move indicates that its new CEO Thierry Vanlancker is continuing to look for big deals as a way to buttress the company, after it managed to fend off a takeover approach by PPG Industries earlier this year. Philadelphia-based Axalta is in the early stages of considering a deal with Akzo Nobel, and there is no certainty that the two companies will ...

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First Published: Sat, October 28 2017. 00:42 IST
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