Asian shares tumble with South Korea’s Kospi down nearly 10%
AkzoNobel shares rose after the Dulux maker said it had received several proposals from Nippon Paint to buy its decorative paints business, valuing it at €7.5bn.
Shares in the Dutch company that bought ICI in 2007 and has owned paint-maker Dulux ever since, rose 2.1%, giving it a market value of €10bn.
Continue reading...