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 […]
Axalta Reports Sales of $1.25 Billion in First Quarter
Axalta Coating Systems Ltd. (NYSE: AXTA) reported first quarter net sales of $1.25 billion, down 1% year-over-year, as the global coatings company beat its own guidance on revenue, adjusted earnings and adjusted earnings per share while delivering record first quarter cash generation. The company posted net income of $91 million, down 8% from the prior […]
AkzoNobel Reports First Quarter Results
AkzoNobel N.V. (AMS: AKZA; OTCMKTS: AKZOY) reported first-quarter 2026 adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of €345 million ($404.2 million) on April 22, a 3% decline as reported but a 7% increase at comparable scope and constant currencies, as the coatings supplier delivered its fourth consecutive quarter of year-over-year margin expansion. Adjusted […]
UK Competition and Markets Authority Opens Comment Period on AkzoNobel-Axalta Merger
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 […]
Axalta Wins Three 2026 Edison Awards for Color, AI, and EV Battery Innovations
Axalta Coating Systems (NYSE: AXTA) has won three 2026 Edison Awards, including two Gold honors for the EcoNextJet on-demand vehicle color customization system and the Alesta e-PRO FG Black fire-resistant coating for electric vehicle battery safety, plus a Bronze for the TintMaster AI paint manufacturing platform. The recognitions span three distinct Axalta technologies aimed at […]
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