AkzoNobel: Nippon Paint and Sherwin‑Williams withdraw public offer

3 June 2026

Key highlights

Nippon Paint and The Sherwin‑Williams Company confirm they are no longer pursuing a public offer for AkzoNobel.
Both AkzoNobel boards unanimously continue to recommend the merger of equals with Axalta.
The boards referenced the AkzoNobel–Axalta joint press release of November 18, 2025.
AkzoNobel said it will provide further updates as appropriate.

Offer withdrawal

AkzoNobel has noted a press release from Nippon Paint Holdings Co. and The Sherwin‑Williams Company confirming they are no longer pursuing a public offer for AkzoNobel.

Board position

Both AkzoNobel boards unanimously continue to recommend the merger of equals with Axalta, citing the rationale set out in the AkzoNobel and Axalta joint press release of November 18, 2025.

Next steps

AkzoNobel said it will provide further updates as appropriate.

Source: AkzoNobel

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