# Nippon Paint makes all-cash offer to acquire Axalta Coating Systems

Nippon Paint Holdings made an all-cash offer to acquire Axalta Coating Systems, after merger talks between Axalta and Akzo Nobel ended without agreement.

- Type: Acquisition
- Announced: 2017-11-22
- Where: United States
- Value: $1.35B
- Status: rumored
- Products: coatings
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [AkzoNobel](https://endata.com/companies/11242.md) (target)
- [Nippon Paint](https://endata.com/companies/15158.md) (acquirer)
- [Axalta Coating Systems](https://endata.com/companies/19638.md) (target)
- [Akzo Nobel](https://endata.com/companies/22737.md) (partner)

## Sources

- [reuters.com](https://www.reuters.com/article/business/nippon-paint-makes-proposal-to-axalta-merger-talks-with-akzo-nobel-end-idUSKBN1DL2Q5/), 2017-11-22: "Nippon Paint confirmed it has made 'a proposal' to Axalta but declined to give details, adding there is no assurance the two will reach any agreement."
- [swikblog.com](https://swikblog.com/nippon-paint-akzonobel-1-35-billion-deal/), 2018-01-01: "Nippon Paint Holdings has agreed to acquire AkzoNobel’s decorative paints businesses across Southeast Asia, Australia and Papua New Guinea for $1.35 billion."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.