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Nippon Paint, Sherwin-Williams end pursuit of AkzoNobel after rejection

Nippon Paint, Sherwin-Williams end pursuit of AkzoNobel after rejection
Channel News Asia Wednesday 03 June 2026, 07:27 UTC 1 min read
Key Points

Nippon Paint, Sherwin-Williams end pursuit of AkzoNobel after rejection TOKYO, June 3 : Nippon Paint and Sherwin-Williams said on Wednesday they had decided to terminate their efforts to jointly acquire rival paint maker AkzoNobel. Shares of the Dulux paint maker fell more than 20 per cent in early trade after being halted initially, set for their worst-ever trading day if the losses hold. The companies' decision followed AkzoNobel's rejection of their €12.5 billion ($14.5 billion) cash...

Nippon Paint, Sherwin-Williams end pursuit of AkzoNobel after rejection TOKYO, June 3 : Nippon Paint and Sherwin-Williams said on Wednesday they had decided to terminate their efforts to jointly acquire rival paint maker AkzoNobel. Shares of the Dulux paint maker fell more than 20 per cent in early trade after being halted initially, set for their worst-ever trading day if the losses hold. The companies' decision followed AkzoNobel's rejection of their €12.5 billion ($14.5 billion) cash takeover offer last week. ($1 = €0.8610)
Nippon Paint (ORG) Sherwin-Williams (PERSON) AkzoNobel (ORG) TOKYO (LOCATION) Dulux (ORG)
Originally published by Channel News Asia Read original →

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