AkzoNobel Rejects $14.5 Billion Takeover Bid Amid Axalta Merger Plans
The Takeover Attempt Amsterdam-based paint and coatings giant AkzoNobel saw its share price surge on the Euronext exchange this week following reports of a $14.5 billion unsolicited takeover bid from a consortium led by Nippon Paint and Sherwin-Williams. The proposal, which sought to acquire the Dutch manufacturer, was swiftly rejected by AkzoNobel’s board of directors,…