AkzoNobel confirms discussions with Axalta regarding potential merger

AkzoNobel, a Dutch multinational company which creates paints and performance coatings, confirmed in a press release on Monday, October 30, that it is presently in constructive discussions regarding a merger of equals between AkzoNobel Paints & Coating business and Axalta.

AkzoNobel also confirmed that its separation of Specialty Chemicals, including the return of the vast majority of net proceeds to shareholders, remains on track for April of 2018.