• AkzoNobel confirmed receiving multiple conditional, non-binding proposals from Nippon Paint to buy its Decorative Paints business.
• The offers imply an enterprise value of EUR 7.5 billion on a cash-free, debt-free basis.
• AkzoNobel said the approach qualifies as an “Alternative Proposal” under its merger agreement with Axalta, limiting engagement.
• The proposals “significantly undervalue” the Decorative Paints unit, based on prior feedback given to Nippon Paint.
• The boards reiterated unanimous support for the planned merger of equals with Axalta.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Akzo Nobel NV published the original content used to generate this news brief on July 13, 2026, and is solely responsible for the information contained therein.