AkzoNobel and Axalta end merger talks
In response to market speculation, AkzoNobel recently confirmed that it was in constructive discussions regarding a potential merger of the AkzoNobel Paints and Coatings business with Axalta.
The two companies have ended their discussions without agreement.
The separation of the AkzoNobel Specialty Chemicals business and return of the vast majority of the net proceeds to shareholders remain on track
Thierry Vanlancker, CEO of AkzoNobel, said: “I am confident that our strategy offers significant value for shareholders and other stakeholders in the short, medium and long term.
“We remain focused on our strategic options to continue to develop our business and improve profitability in the future.”