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 […]
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 […]
AkzoNobel Issues €750 Million Bond to Support Axalta Merger Financing
AkzoNobel N.V. (AMS: AKZA; OTCMKTS: AKZOY) on June 9 launched a €750 million ($868 million) bond with a three-year maturity and a coupon of 3.625%, with proceeds supporting financing initiatives related to the company’s proposed merger with Axalta Coating Systems Ltd. The bond issue is the latest step toward completing the $25 billion all-stock merger […]
Nippon Paint and Sherwin-Williams End Pursuit of AkzoNobel
End of bid clears path for continuation of AkzoNobel and Axalta merger of equals. Nippon Paint Holdings Co. and The Sherwin-Williams Company said June 3 they have ended their joint effort to acquire Akzo Nobel N.V., removing the chief obstacle to AkzoNobel’s proposed $25 billion all-stock merger of equals with Axalta Coating Systems Ltd. The […]
BASF Coatings Names Steve Arndt to Lead Global Refinish Business
BASF Coatings has appointed Steve Arndt senior vice president of its global automotive refinish coatings business, effective July 1, 2026. He succeeds Chris Titmarsh, who is stepping down after a 20-year career with the company. Arndt brings more than 30 years in the automotive refinish industry spanning manufacturing and distribution across North America and Europe. […]
AkzoNobel Rejects Joint Cash Bid From Nippon Paint, Sherwin-Williams
Disclosure of offer comes in advance of the public U.S. SEC filing detailing proposed AkzoNobel-Axalta merger. Akzo Nobel N.V. (AMS: AKZA; OTCMKTS: AKZOY) rejected a conditional, non-binding joint cash bid from Nippon Paint Holdings Co. and The Sherwin-Williams Company that would have broken up the Dutch coatings maker, opting to proceed with its $25 billion […]
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