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-0.0105941962229388 -0.0105941962229388 -0.00967296176877019 -0.0133578995854445 -0.0244127130354676 -0.0336250575771534 -0.0301704283740212 -0.0239520958083832
Stock impact report

Dutch Paint Giant AkzoNobel To Merge With US Rival Axalta [Barron's]

AKZO NOBEL N V S/ADR (AKZOY) 
US:NASDAQ Investor Relations: akzonobel.com/for-investors/shares/adr
Company Research Source: Barrons
The link-up will take the form of an all-stock "merger of equals" and result in a "global coatings leader" worth $25 billion and generating revenue of $17 billion, it said. Advertisement - Scroll to Continue The operation is to result in $600 million of cost savings. AkzoNobel CEO Greg Poux-Guillaume will become the new company's chief executive, and Axalta chairman Chris Villavarayan will become his deputy. The new company will own some 100 brands and 173 production sites globally. The merger is to be completed by the start of 2027, both companies said. Advertisement - Scroll to Continue In early Amsterdam stock trading, AkzoNobel shares were down 0.8 percent, slightly outperforming the overall market. sh/jh/yad The Barron's news department was not involved in the creation of the content above. This article was produced by AFP. For more information go to AFP.com © Agence France-Presse Show less Read more
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