FILE PHOTO: Cans of Dulux paint, an AkzoNobel brand, are seen on the shelf of a DIY retail store in Manchester, Britain, June 14, 2024. REUTERS/Phil Noble/File Photo
03 Jun 2026 03:27PM
(Updated: 03 Jun 2026 03:29PM)
TOKYO, June 3 : Nippon Paint and Sherwin-Williams said on Wednesday they had decided to terminate their efforts to jointly acquire rival paint maker AkzoNobel.Shares of the Dulux paint maker fell more than 20 per cent in early trade after being halted initially, set for their worst-ever trading day if the losses hold.The companies' decision followed AkzoNobel's rejection of their €12.5 billion ($14.5 billion) cash takeover offer last week.($1 = €0.8610)
Source: Reuters
