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Exclusive - Akzo Nobel approaches Axalta about possible merger: sources

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Exclusive - Akzo Nobel approaches Axalta about possible merger: sources

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By Ludwig Burger and Greg Roumeliotis NEW YORK (Reuters) – Dutch paints and coatings giant Akzo Nobel NV <AKZO.AS> has approached U.S. rival Axalta Coating Systems Ltd <AXTA.N> to talk about a possible merger that would create a global coatings group, according to sources familiar with the matter. Axalta is in the early stages of considering a deal and there is no certainty that the two companies will agree to a merger, one of the sources said on Friday. The sources asked not to be identified because the negotiations are confidential. Neither company immediately responded to requests for comment.

(Additional reporting by Pamela Barbaglia in London; Editing by Nick Zieminski)
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