The U.K. Competition and Markets Authority (CMA) has formally launched its phase 1 merger inquiry into the proposed combination of Akzo Nobel N.V. and Axalta Coating Systems Ltd., setting a Nov. 11 deadline to decide whether to refer the roughly $25 billion all-stock deal for an in-depth phase 2 investigation. The CMA launched the inquiry […]
AkzoNobel and Axalta Name Final Three Directors to Combined Company Board
AkzoNobel and Axalta Coating Systems have named the last three directors of the board that will govern the company the two are merging to create, completing an 11-member slate more than three months before the transaction is expected to close. Stephan B. Tanda, Denise C. Johnson and Robert Schuchna have agreed to serve as non-executive […]
AkzoNobel and Axalta Shareholders Approve $25 Billion Merger of Equals
Shareholders of Akzo Nobel N.V. and Axalta Coating Systems Ltd. voted today to approve the companies’ roughly $25 billion all-stock merger of equals, clearing the last shareholder condition on a transaction that would create the world’s No. 2 coatings company. The combination would unite two of the largest suppliers of automotive refinish coatings to the […]
Axalta Reports Second Quarter Sales of $1.35 Billion as Refinish Grows 6%
Axalta Coating Systems Ltd. (NYSE: AXTA) reported second quarter net sales of $1.35 billion, up 3% year over year, and record adjusted earnings, as refinish net sales rose 6% and the coatings supplier secured more than 1,900 net new collision repair facilities in the first half of 2026. Adjusted earnings before interest, taxes, depreciation and […]
AkzoNobel Reports Refinish Return to Growth in Second Quarter as Axalta Merger Vote Nears
AkzoNobel N.V. (AMS: AKZA; OTCMKTS: AKZOY) reported second-quarter 2026 adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of €398 million ($453.7 million) on July 22, up 1% as reported and 5% at comparable scope and constant currencies, as the coatings supplier delivered its fifth consecutive quarter of year-over-year margin expansion. Adjusted EBITDA margin rose […]
AkzoNobel Rebuffs Nippon Paint Offers for Decorative Paints Business Ahead of Axalta Merger Votes
Akzo Nobel N.V. (AMS: AKZA; OTCMKTS: AKZOY) confirmed July 13 it has received multiple conditional and non-binding proposals from Nippon Paint Holdings Co. to acquire its Decorative Paints business at an indicative enterprise valuation of €7.5 billion ($8.55 billion), saying its merger agreement with Axalta Coating Systems Ltd. bars the company from engaging with the […]
AkzoNobel Halves Operational Carbon Emissions Four Years Ahead of 2030 Target
AkzoNobel has reduced carbon emissions in its own operations by 50%, reaching a target it had set for 2030 four years early, the paints and coatings manufacturer said July 2. The company established the goal in 2020, aiming to cut its Scope 1 and Scope 2 emissions in half against a 2018 baseline. The target […]
California Autobody Association LA/OC Chapter Plans July 15 Meeting on Fair Claims Practices, Appraisal Rights
Registration deadline July 10. The California Autobody Association’s Los Angeles/Orange County chapter will hold a dinner meeting July 15 at Old Ranch Golf Club in Seal Beach centered on fair claims practices, current California claims law and strategies for getting paid for complete repairs. The session will feature collision repair trainers Bryan Thomas and Tim […]
Axalta Sets Aug. 5 Stockholder Vote on AkzoNobel Merger
Axalta Coating Systems Ltd. (NYSE: AXTA) will hold a special meeting of stockholders Aug. 5 to vote on its proposed all-stock merger of equals with AkzoNobel N.V., after the U.S. Securities and Exchange Commission declared effective the registration statement underlying the deal and Axalta filed its definitive proxy statement. Axalta’s special meeting is set for […]
AkzoNobel Sets Aug. 5 Shareholder Meeting on Axalta Merger as SEC Clears Registration Statement
AkzoNobel N.V. will convene an extraordinary general meeting of shareholders Aug. 5 in Amsterdam to vote on its proposed all-stock merger of equals with Axalta Coating Systems Ltd., advancing a roughly $25 billion combination that would create the world’s No. 2 coatings company and one of the largest suppliers to the collision repair industry. The […]
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