Following press reports on Friday and over the weekend, the coatings manufacturers confirmed they have had discussions on a potential merger of equals
AkzoNobel and Axalta Coating Systems confirmed today that they have engaged in discussions about a possible merger of the two global coatings companies. On Friday afternoon, Reuters reported that unnamed sources indicated that the Netherlands-based AkzoNobel and the Philadelphia, Pa.-based Axalta had started to have conversations exploring the merger of the two coatings businesses.
On Saturday, the Wall Street Journal also published an article, again quoting unnamed sources, that the two coatings manufacturers were engaged in
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