Netherlands' AkzoNobel rejects Nippon Paint's bid for decorative paints
AkzoNobel takes note of recent media comments and confirms that it has received multiple conditional and non-binding proposals from Nippon Paint Holdings Co. (“Nippon Paint”) regarding the potential acquisition of AkzoNobel’s decorative paints business (the “Proposal”) for an indicative enterprise valuation of €7.5 billion (cash-free and debt-free). Nippon Paint’s proposal constitutes an…
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