fbpx

AkzoNobel, Axalta, End Merger Talks

Autosphere » Collision » AkzoNobel, Axalta, End Merger Talks

Axalta Coating Systems recently confirmed that the previously announced talks with AkzoNobel have ended regarding a potential merger of equals transaction between Axalta and Akzo’s Paints and Coatings business.

An official statement from Axalta said that because the companies were unable to reach mutually agreeable terms, Axalta continues to pursue other value-creating alternatives.

“After pursuing a potential combination of Axalta and Akzo, we concluded we could not negotiate a transaction on terms that meet our criteria,” remarked Charles W. Shaver, Axalta’s Chairman and Chief Executive Officer.

“Any transaction we ultimately agree to needs to generate superior long-term value for Axalta shareholders as compared to the continued execution of our strategic plan.”

Categories : Collision

JOBS

 
Procolor Repentigny Est
Body Repairer
 
  REPENTIGNY
  Full time
 
 
Volkswagen Lauzon Boisbriand
Mechanic/Apprentice
 
  BOISBRIAND
  Full time
 
 
Magog Honda
Service Advisor
 
  MAGOG
  Full time
 
 
La Pérade Ford
Experienced Automotive Mechanic
 
  SAINTE-ANNE-DE-LA-PÉRADE
  Full time
 
 
Donnacona Ford
Experienced Automotive Technician
 
  DONNACONA
  Full time
 

Popular Posts