Plan for Axalta-Nippon Paint merger of equals fails

US-based Axalta Coating yesterday announced that talks with competitor Nippon Paint on a potential merger of equals between the groups have failed. Axalta’ shares lost over 18% (Wall Street) soon after the announcement. Axalta some weeks ago announced that talks with another important player in the coating industry–Netherlands-based AkzoNobel–had failed as well.

(Source: Die Börsen Zeitung)