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.

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K.C. Stock, who was 84, was known for his “commitment to the employees at Cruisers Yachts.”

GRANDBANKS

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LIMESTONE-Q3

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Siren Marine’s “Connected Boat” technology can be purchased and installed at more than 2,100 Yamaha outboard dealers.

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Norm

Surveying customers to find out what they think about your business has never been more important.

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