Monday, 16 July 2018 - 2:03
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Axalta Coating Systems

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…

AkzoNobel targets Axalta

AkzoNobel is likely to be targeting competitor Axalta Coating Systems, Dutch daily Het Financieele Dagblad reported. Allegedly, the drugmakers have not started talks yet, but they are close, the daily added. PPG some days ago made an offer to acquire…