BREAKING NEWS

BREAKING NEWS

Akzo Nobel merger talks with Axalta fail

Now Reading:

Akzo Nobel merger talks with Axalta fail

Akzo Nobel merger talks with Axalta fail
Text size Aa Aa
AMSTERDAM (Reuters) - Dutch paint maker Akzo Nobel <AKZO.AS> said on Tuesday it had ended exploratory talks with smaller U.S. peer Axalta <AXTA.N> after they failed to reach agreement on a merger. Akzo Nobel said in a statement it would now continue to pursue its independent growth plans, including selling or seeking a stock market listing for its Specialty Chemicals division, which makes up a third of its sales and profits. (Reporting by Toby Sterling; Editing by Gareth Jones)
euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.