Akzo Nobel N.V. and Axalta Coating Systems Ltd. announced that they have entered into a definitive agreement to combine in an all-stock merger of equals, creating a global coatings company with an enterprise value of approximately $25 billion. Upon closing, the combined company will have a one-tier Board, led by Rakesh Sachdev, current Chair of the Axalta Board of Directors. Ben Noteboom, current Chairman of the AkzoNobel Supervisory Board, will serve as Vice-Chair. The Board will be composed of 11 directors – four from each company and three independent members. Of the 11 Board members, two will be executive directors and nine will be non-executive directors. Each company expects to hold its respective Extraordinary General Meeting of Shareholders tentatively in mid-2026.
Amsterdam, the Netherlands – Akzo Nobel N.V. and Axalta Coating Systems Ltd. announced that they have entered into a definitive agreement to combine in an all-stock merger of equals, creating a global coatings company with an enterprise value of appr… [9669 chars]
Source: RubberWorld | Published: 2025-11-19T10:18:00Z
Credit: RubberWorld
