AkzoNobel to buy Axalta in $25 bn deal, creating coatings giant
AkzoNobel will acquire Axalta in an all-stock merger valued at $25 billion, creating a global coatings leader with $17 billion in revenue and operations in 160 countries. Axalta shareholders will receive 0.6539 AkzoNobel shares and will own 45% of the combined company. The firms expect $600 million in cost savings, with 90% realized within three years.