Industrials
AkzoNobel/Axalta looking to receive informal feedback on remedy proposal by mid next week
Paint and coating makers AkzoNobel and Axalta are expecting informal feedback from the European Commission (EC) on the remedy offer the companies have been working on to secure Phase I antitrust clearance for their proposed […]
Government stake in ZIM critical to country’s export route security, says Israeli lawyer
The State of Israel must retain a stake in cargo container shipping company ZIM as part of its planned acquisition by German peer Hapag-Lloyd, due to the country not having overland export routes, with the […]
AkzoNobel/Axalta unlikely to file for EC antitrust approval before upcoming shareholder vote
Paint and coating makers AkzoNobel and Axalta are unlikely to notify their planned tie-up to the European Commission (EC) before their respective shareholders vote on the deal at an extraordinary general meeting (EGM) and at […]
Market definition critical to assessment of horizontal overlaps in Ingredion’s acquisition of Tate & Lyle
The planned £3.7bn (US$4.9bn) takeover of UK-based ingredient solutions provider Tate & Lyle by US peer Ingredion is likely to result in horizontal overlaps in two main segments across the US market: modified starches and […]
Sherwin-Williams seen as likely buyer for some of AkzoNobel/Axalta overlapping assets
US paints and coatings company Sherwin-Williams is expected to acquire some of the assets that peers AkzoNobel and Axalta will need to divest in order to secure antitrust clearance for their merger, Equity Report has […]
Dutch investor association favours AkzoNobel all-cash counterbid and urges clarification from the board
The Vereniging van Effectenbezitters (VEB), the industry body representing the rights and interests of investors in the Netherlands, told Equity Report it favours an all-cash offer for Dutch paints maker AkzoNobel over a merger with […]
AkzoNobel/Axalta seek unconditional clearance in Brazil under summary proceedings despite horizontal overlaps
Paint and coatings producers AkzoNobel and Axalta have filed for antitrust approval with Brazilian regulator CADE for their planned US$25bn merger under summary proceedings, arguing that, although the deal results in horizontal overlaps in certain […]
EC filing process for AkzoNobel/Axalta merger aligning with internal timelines; no remedy discussions at this stage
AkzoNobel and Axalta are still engaged in pre-notification discussions with the European Commission (EC) and several other jurisdictions, with the process aligning with internal timelines, a source briefed on the matter told Equity Report. Asked […]
War against Iran not expected to impact AkzoNobel/Axalta merger
The ongoing war against Iran by the United States and Israel is not having repercussions on the planned US$25bn “merger of equals” between Dutch paint and coatings producer AkzoNobel and its US peer Axalta, according […]
Dissenting shareholders would face uphill battle to thwart AkzoNobel/Axalta deal in court
Minority shareholders who have raised concerns over the proposed merger between Dutch paint and coatings producer AkzoNobel and its US peer Axalta would struggle to build a legal case which would allow them to block […]
