Dulux owner AkzoNobel rejects £10.9bn takeover offer from Nippon Paint and Sherwin-Williams
Culture Index
Score Breakdown
Relevance
3/25
Freshness
25/25
Authority
18/20
Brand Signal
6/15
Depth
4/15
5-Axis Cultural Radar
Dulux owner AkzoNobel has rejected a £10.9bn takeover offer from rivals Nippon Paint and Sherwin-Williams, arguing the bid undervalued the business. The Dutch paint and coatings giant, which owns Dulux, said the non-binding cash proposal lacked deal certainty and would have split the company between the two suitors. The offer was worth €73 per share,...
