WSJ
03 Jun 2026, 07:52 UTC · 1h ago
AkzoNobel Shares Plunge After Sherwin-Williams, Nippon Paint Drop $14.5 Billion Bid
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WSJ
03 Jun 2026, 07:52 UTC · 1h ago
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Story key points
2 claims · impact-rated
Nippon Paint and Sherwin-Williams have ended their pursuits to acquire AkzoNobel. — The collapse of potential acquisition bids removes a significant premium catalyst for the stock price.
-0.80AkzoNobel shares declined by 19% following the news. — Immediate market devaluation reflects the loss of M&A expectations and a correction to fundamental value.
-0.40Ticker attribution
Model heads
Shares dropped 19% after potential acquisition bids from Nippon Paint and Sherwin-Williams ended.
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The company ended its pursuit of AkzoNobel, which does not inherently indicate a positive or negative operational outcome.
The company ended its pursuit of AkzoNobel, which does not inherently indicate a positive or negative operational outcome.
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