Report: Akzo Nobel seeks merger with U.S. rival

Author:: Trade Only Today Editors
Publish date:: Oct 31, 2017

Akzo Nobel, the parent company of marine paint manufacturer Interlux, is reportedly discussing a merger with smaller U.S. rival Axalta Coating Systems Ltd.

Akzo Nobel told Reuters on Monday that it was in “constructive talks” about a “merger of equals” in what would be the first major deal by chief executive Thierry Vanlancker.

Reuters reported on Friday that Akzo had approached Axalta about a possible merger, sending Axalta’s shares 17 percent higher. Warren Buffett’s Berkshire Hathaway is the largest Axalta investor with a stake of just under 10 percent.

Director of engineering Kent Jopling talks about a new lift with a capacity of 25,000 pounds.

Miami Yacht Show

Some loved the new format; others think it’s a work in progress.

New England Boat Show

The event gives students a look at service, retail, manufacturing and entrepreneurial career paths.

The power cat charter base will operate out of the Abaco Beach Resort.

The prototype boat drew steady traffic throughout the show’s run.

Garmin showed more detailed cartography on its multifunction displays.

Five-star certification is at least 50 percent lower emissions than the four-star rating.

The five-year deal makes Indel Webasto the exclusive provider of Isotherm refrigeration and and Isotemp water heaters to member builders.

Groupe Beneteau

Still in the concept phase, the first version is a prototype.