Akzo Nobel approaches Axalta about possible merger

Dutch paints and coatings company Akzo Nobel has approached U.S. rival Axalta Coating Systems to discuss a possible merger that would create a global coatings giant. The talks are in early stages and there is no certainty a deal will be reached.

“Akzo Nobel's move indicates that its new CEO Thierry Vanlancker is continuing to look for big deals as a way to buttress the company.”reuters.com

• 6 sources
• reuters.comExclusive: Akzo Nobel approaches Axalta about possible merger - sourcesLudwig BurgerOct 27, 2017
• businessinsider.comAkzo Nobel is in talks to merge with a smaller US rivalOct 30, 2017
• taipeitimes.comAkzo preparing merger of equals with rival Axalta - Taipei TimesOct 30, 2017
• european-coatings.comAkzo Nobel confirms merger discussions with Axalta - European CoatingsOct 31, 2017
• foxbusiness.comAkzo Nobel, Axalta Coating Abandon Merger Talks -- 2nd Update | Fox BusinessDow Jones NewswiresNov 21, 2017

Summarized from public sources; check the original articles before acting on it.