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According to Reuters, Axalta Coating Systems (AXTA) approached by Nippon Paint

  • November 30, 2017

Nippon Paint Holdings Co Ltd made an all-cash offer on Tuesday to acquire U.S. coatings company Axalta Coating Systems Ltd, (AXTA) two people familiar with the matter said, ending merger talks between Axalta and Dutch peer Akzo Nobel.

AkzoNobel had previously approached Axalta Coating Systems Ltd (AXTA) on October 27, 2017. It was unsuccessful since AkzoNobel and Axalta ended their discussions without agreement.


November 30, 2017: Axalta Coating Systems (AXTA), a leading global coatings company, today confirmed that its previously announced discussions regarding it being acquired by Nippon Paint have ended. Nippon Paint informed Axalta that its Board of Directors was unwilling to meet our expectations regarding the value of the company and assume the financial leverage necessary for a deal of this size.