The U.K.’s Competition and Markets Authority (CMA) opened a 15-day invitation to comment on April 16 on the proposed $25 billion merger of Akzo Nobel N.V. and Axalta Coating Systems Ltd., the first formal step in the British regulator’s review of a combination that would create the world’s No. 2 coatings company.
The CMA is accepting written comments from interested parties through May 1 at akzonobel.axalta@cma.gov.uk. The agency said the solicitation is a preliminary step ahead of its Phase 1 investigation and has not yet formally launched that inquiry.
AkzoNobel CEO Greg Poux-Guillaume, speaking on the November investor
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