{"id":49476,"date":"2026-05-27T11:35:52","date_gmt":"2026-05-27T11:35:52","guid":{"rendered":"https:\/\/quickassetsmarket.com\/index.php\/2026\/05\/27\/akzonobel-jumps-after-rejecting-takeover-bid-from-nippon-paint-and-sherwin-williams\/"},"modified":"2026-05-27T11:35:52","modified_gmt":"2026-05-27T11:35:52","slug":"akzonobel-jumps-after-rejecting-takeover-bid-from-nippon-paint-and-sherwin-williams","status":"publish","type":"post","link":"https:\/\/quickassetsmarket.com\/index.php\/2026\/05\/27\/akzonobel-jumps-after-rejecting-takeover-bid-from-nippon-paint-and-sherwin-williams\/","title":{"rendered":"AkzoNobel jumps after rejecting takeover bid from Nippon Paint and Sherwin-Williams"},"content":{"rendered":"
<\/div>\n

Shares of AkzoNobel surged on Wednesday after the Dutch paints and coatings maker disclosed that it had rejected a \u20ac12.49 billion ($14.53 billion) takeover proposal from Japan\u2019s Nippon Paint Holdings and US-based Sherwin-Williams.<\/p>\n

The stock climbed as much as 17% in early European trading to 61.38 euros, wiping out losses accumulated earlier this year, after investors reacted positively to the premium implied in the rejected proposal.<\/p>\n

AkzoNobel said the indicative proposal valued the company at 73 euros per share, representing a 39% premium to Tuesday\u2019s closing price of 52.52 euros.<\/p>\n

The company revealed that the proposed transaction involved Nippon Paint launching an all-cash offer for AkzoNobel before splitting parts of the business with Sherwin-Williams after completion.<\/p>\n

Rival bidders planned asset split<\/h2>\n

Under the structure outlined by AkzoNobel, Nippon Paint would retain the company\u2019s decorative paints and industrial coatings operations.<\/p>\n

Sherwin-Williams, meanwhile, would separately acquire AkzoNobel\u2019s automotive and specialty coatings businesses, as well as its marine and protective coatings and powder coatings units.<\/p>\n

AkzoNobel said it rejected the proposal on May 1 and had also turned down an earlier approach made on April 22.<\/p>\n

\u201cNeither proposal qualified as a \u2018potentially superior\u2019 offer, compared to the Axalta merger,\u201d a company spokesperson told Reuters.<\/p>\n

The company reiterated that both its management board and supervisory board continue to unanimously support the planned merger with US coatings company Axalta Coating Systems.<\/p>\n

Brokerage KBC also said AkzoNobel remained committed to the Axalta transaction.<\/p>\n

\u201cAkzo considers its own merger proposal with Axalta to be superior and pushes ahead on this track,\u201d KBC analysts wrote in a note.<\/p>\n

Axalta merger remains central strategy<\/h2>\n

AkzoNobel and Axalta announced their all-stock merger agreement in November, aiming to create a global coatings giant with a combined enterprise value of roughly $25 billion.<\/p>\n

The merged entity is expected to be led by AkzoNobel Chief Executive Greg Poux-Guillaume and initially maintain dual listings in Amsterdam and New York.<\/p>\n

The companies expect the transaction to close in late 2026 or early 2027.<\/p>\n

AkzoNobel and Axalta have projected annual cost savings of approximately $600 million within three years of completing the merger, with around 90% of the synergies expected during that period.<\/p>\n

The combined business would operate across more than 160 countries, significantly expanding its scale in industrial, automotive and decorative coatings markets.<\/p>\n

Still, the Axalta merger has faced resistance from some shareholders since its announcement, amid questions over valuation and integration risks.<\/p>\n

Activist pressure and industry consolidation<\/h2>\n

The takeover interest also comes against the backdrop of increasing consolidation pressure within the global coatings industry.<\/p>\n

Last year, activist investor Cevian Capital disclosed a 5% stake in AkzoNobel and backed strategic changes at the company. <\/p>\n

Cevian has historically pushed European companies toward mergers, breakups or acquisitions to unlock shareholder value.<\/p>\n

However, CEO Greg Poux-Guillaume previously said Cevian was not involved in the decision to merge with Axalta.<\/p>\n

Axalta itself has a substantial presence in industrial and automotive coatings markets. <\/p>\n

The company generated around $5.3 billion in net sales in 2024, including strong contributions from refinish coatings, industrial coatings and vehicle OEM mobility coatings businesses.<\/p>\n

AkzoNobel\u2019s own performance coatings division, which spans automotive, marine, powder and industrial coatings applications, generated roughly \u20ac6.4 billion in third-party revenue last year.<\/p>\n

The emergence of rival bidders highlights the strategic value of AkzoNobel\u2019s assets at a time when coatings manufacturers are increasingly seeking scale, cost efficiencies and stronger global positioning amid uncertain economic conditions and fluctuating raw material costs.<\/p>\n

The post AkzoNobel jumps after rejecting takeover bid from Nippon Paint and Sherwin-Williams<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Shares of AkzoNobel surged on Wednesday after the Dutch paints and coatings maker disclosed that it had rejected a \u20ac12.49 billion ($14.53 billion) takeover proposal from Japan\u2019s Nippon Paint Holdings and US-based Sherwin-Williams. The stock climbed as much as 17% in early European trading to 61.38 euros, wiping out losses accumulated earlier this year, after <\/p>\n","protected":false},"author":1,"featured_media":49477,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-49476","post","type-post","status-publish","format-standard","has-post-thumbnail","category-investing"],"_links":{"self":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/49476","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/comments?post=49476"}],"version-history":[{"count":0,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/49476\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media\/49477"}],"wp:attachment":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media?parent=49476"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/categories?post=49476"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/tags?post=49476"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}