Nippon Paint

Nippon Paint reported Q2 sales of 133.4 billion JPY (+19.4%), adjusted operating profit of 9.49 billion JPY (+30.4%) and adjusted EPS of 29.4 JPY (+31.7%). The company raised its sales forecast for 2026 from 1.92 trillion JPY to 2.0 trillion JPY, but left the adjusted operating profit forecast unchanged. Management warned of weak demand in China and expects margin pressure in the second half of the year, and plans to acquire a European automotive coatings business and to reorganize the group in Japan. The stock was little changed in after-hours trading. » Mere på de.investing.com

NIPPON PAINT HOLDINGS has submitted an indicative bid of about €7.5 billion for Akzo Nobel's paints division, which includes brands such as Dulux. Akzo called the offer too low and at the same time reaffirmed the planned merger with Axalta, which management continues to unanimously recommend. Akzo's stock reacted positively and rose briefly in Amsterdam. » Mere på finanzen.net

Nippon Paint has reportedly offered up to €7.5 billion (USD 8.6 billion) for Akzo Nobel's decorative paints business to expand its international presence and brands such as Dulux. Akzo Nobel had previously rejected combined takeover bids for the entire company and instead pushed ahead with a merger with Axalta. The offer targeted only the coatings division and would have positioned Nippon Paint significantly larger in the global market. » Mere på de.investing.com

AkzoNobel fell 19% in Amsterdam after Nippon Paint and The Sherwin-Williams Company permanently terminated their joint €73 per-share takeover approach, which AkzoNobel's board had summarily rejected. The board said the cash offer undervalued the company and defended its pending $25 billion all-stock merger with Axalta, reaffirming commitment ahead of a shareholder vote in early July. Analysts warn the rejection exposed near-term market skepticism and execution risk for the Axalta deal, while leaving the company vulnerable to future hostile bids if integration falters. » Mere på finance.yahoo.com

Nippon Paint and Sherwin-Williams have abandoned their joint takeover attempt for Akzo Nobel after Akzo rejected received, non-binding cash offers. The proposal envisaged €73 a share and would have valued Akzo Nobel at around €12.5 billion and involved a breakup of the group. Akzo Nobel is instead sticking to planned merger talks with Axalta. The announcement triggered a nearly 19% plunge in Akzo Nobel’s share price. » Mere på de.investing.com