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News  ›  Benzinga

Axalta And Akzo Nobel Merge To Form $25 Billion Global Coatings Giant

Benzinga Logo Benzinga By Akanksha Bakshi
Axalta And Akzo Nobel Merge To Form $25 Billion Global Coatings Giant

Axalta Coating Systems and Akzo Nobel announced an all-stock merger creating a $25 billion global coatings company, with projected 2024 revenues of $17 billion and expected cost synergies of $600 million.

Insights
MSpL   neutral

Mentioned as a partner of zerohash with no specific positive or negative context


AXTA   positive

Stock surged 8.20% on merger announcement, will own 45% of combined entity, and benefit from expanded global reach and operational efficiencies