Netherlands $10.8 Billion Paint & Coating Giant Akzo Nobel Rejects $14.5 Billion (€12.5 Billion) Cash Offer from Japan $14.8 Billion Nippon Paint & United States $72 Billion Sherwin-Williams, Representing +39% Premium to Unaffected Closing Price (26/5/26), Akzo Nobel Formed in 1994 from Merger of Akzo NV & Nobel Industries, Akzo Nobel Current Market Value at $10.8 Billion, Share Price -8.8% YTD, -8.5% Last 12 Months & -49.2% Last 5 Years
3rd June 2026 | Hong Kong
Netherlands paint & coating giant Akzo Nobel ($10.8 billion market value) has rejected the $14.5 billion (€12.5 billion) cash offer from Japan paint company Nippon Paint ($14.8 billion market value) and United States paint giant Sherwin-Williams ($72 billion market value), representing +39% premium to Akzo Nobel unaffected closing price (26/5/26). Akzo Nobel was formed in 1994 from the merger of Akzo NV and Nobel Industries. Akzo Nobel current market value at $10.8 billion, share price -8.8% YTD, -8.5% last 12 months & -49.2% last 5 years. In 2025 November, Akzo Nobel announced to buy United States Axalta Coating Systems for $9.2 billion in all-share deal merger to create a $25 billion paint giant. Akzo Nobel – Since 1792, we’ve been supplying the innovative paints and coatings that help to color people’s lives and protect what matters most. Our world class portfolio of brands – including Dulux, International, Sikkens and Interpon – is trusted by customers around the globe. We’re active in more than 150 countries and use our expertise to sustain and enhance everyday life. Because we believe every surface is an opportunity. It’s what you’d expect from a pioneering and long-established paints company that’s dedicated to providing sustainable solutions and preserving the best of what we have today – while creating an even better tomorrow. Let’s paint the future together. Nippon Paint – Nippon Paint Group is a global leader in paint and adjacencies businesses—No. 1 in Asia and No. 4 worldwide—delivering innovative solutions that create high added value for customers. Headquartered in Japan, we accelerate growth through our unique Asset Assembler model built on two pillars: expanding our existing businesses and actively seeking M&A opportunities. With operations spanning 48 regions, we leverage strong brands and high-quality solutions to strengthen our competitive position in each market and continuously expand market share, driven by an unrelenting ambition to grow. Sherwin-Williams – Founded in 1866, The Sherwin-Williams Company is a global leader in the manufacture, development, distribution, and sale of paint, coatings and related products to professional, industrial, commercial, and retail customers. The Company manufactures products under well-known brands such as Sherwin-Williams®, Valspar®, HGTV HOME® by Sherwin-Williams, Dutch Boy®, Krylon®, Minwax®, Thompson’s® WaterSeal®, Cabot®, Suvinil® and many more. With global headquarters in Cleveland, Ohio, Sherwin-Williams® branded products are sold exclusively through a chain of more than 5,400 Company-operated stores and branches, while the Company’s other brands are sold through leading mass merchandisers, home centers, independent paint dealers, hardware stores, automotive retailers, and industrial distributors. The Sherwin-Williams Performance Coatings Group supplies a broad range of highly-engineered solutions for the construction, industrial, packaging and transportation markets in more than 120 countries around the world.
“ Netherlands $10.8 Billion Paint & Coating Giant Akzo Nobel Rejects $14.5 Billion (€12.5 Billion) Cash Offer from Japan $14.8 Billion Nippon Paint & United States $72 Billion Sherwin-Williams, Representing +39% Premium to Unaffected Closing Price (26/5/26), Akzo Nobel Formed in 1994 from Merger of Akzo NV & Nobel Industries, Akzo Nobel Current Market Value at $10.8 Billion, Share Price -8.8% YTD, -8.5% Last 12 Months & -49.2% Last 5 Years “
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Netherlands $10.8 Billion Paint & Coating Giant Akzo Nobel Rejects $14.5 Billion (€12.5 Billion) Cash Offer from Japan $14.8 Billion Nippon Paint & United States $72 Billion Sherwin-Williams, Representing +39% Premium to Unaffected Closing Price (26/5/26), Akzo Nobel Formed in 1994 from Merger of Akzo NV & Nobel Industries, Akzo Nobel Current Market Value at $10.8 Billion, Share Price -8.8% YTD, -8.5% Last 12 Months & -49.2% Last 5 Years
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