Latest News for AKZOY
The move for the Akzo unit follows an earlier attempt by Nippon Paint to buy the group as a whole and split it with Sherwin-Williams.
Nippon Paint has made multiple offers for Akzo Nobel's decorative paints business in the past month, including a proposal valuing the unit at about 7.5 billion euros ($8.55 billion) last week, Bloomberg News reported on Sunday, citing people familiar with the matter.
AkzoNobel shares were down 19% after Nippon Paint and Sherwin-Williams ended their pursuit of the company.
TOKYO and CLEVELAND, June 3, 2026 /PRNewswire/ -- Nippon Paint Group and Sherwin-Williams today announced that they have decided to end their efforts to jointly acquire AkzoNobel. The decision follows AkzoNobel's previously disclosed rejection of both joint all-cash offers put forward by Nippon Paint and Sherwin-Williams.
APOG, AKZOY and AOS have been added to the Zacks Rank #5 (Strong Sell) List on May 29, 2026.
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