According to reports, Nippon Paint submitted its first offer to AkzoNobel's decorative paint business three weeks ago, and submitted a follow-up offer last week, valuing the business at 7.5 billion euros. According to reports, AkzoNobel's management has not contacted Nippon about the offer, nor notified shareholders. People familiar with the matter said that the final decision has not yet been made, and Nippon Paint may choose to abandon the acquisition.

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