Japan's Nippon Paint moves on Axalta as Akzo merger talks collapse

摘要

LONDON (ICIS)--Japan’s Nippon Paint has entered talks to acquire Axalta after merger talks with the Netherlands-based rival AkzoNobel fell apart this week, the US-headquartered paints and coatings firm said on Wednesday. Axalta confirmed that it is in talks with Nippon regarding a potential deal, after the Japanbased firm issued a statement admitting that it is in talks regarding the potential takeover of a US company, without specifying the target.