{"id":75923,"date":"2026-06-03T04:21:34","date_gmt":"2026-06-03T08:21:34","guid":{"rendered":"https:\/\/tvdelmarva.com\/wp\/paint-companies-drop-bid-for-akzonobel-after-14-5b-offer-rejected\/"},"modified":"2026-06-03T04:21:34","modified_gmt":"2026-06-03T08:21:34","slug":"paint-companies-drop-bid-for-akzonobel-after-14-5b-offer-rejected","status":"publish","type":"post","link":"https:\/\/tvdelmarva.com\/wp\/paint-companies-drop-bid-for-akzonobel-after-14-5b-offer-rejected\/","title":{"rendered":"Paint Companies Drop Bid for AkzoNobel After $14.5B Offer Rejected"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n

Two paint industry giants announced Wednesday they are walking away from their collaborative bid to purchase Dutch paint manufacturer AkzoNobel, sending the target company’s stock into a steep decline.<\/p>

AkzoNobel shares, which include the well-known Dulux paint brand, dropped more than 20% in morning trading after an initial trading halt, positioning the company for potentially its most devastating trading session on record.<\/p>

“A lot of people may have thought that another offer from Sherwin-Williams and Nippon Paint would be forthcoming,” Berenberg analyst Sebastian Bray said.<\/p>

The withdrawal comes after AkzoNobel turned down the partnership’s \u20ac12.5 billion ($14.5 billion) cash acquisition proposal the previous week, news that had initially boosted the Dutch firm’s stock value by 20%.<\/p>

In a Wednesday statement, AkzoNobel confirmed that both of its governing boards continue to unanimously support the company’s proposed combination with U.S. coatings manufacturer Axalta.<\/p>

“Ultimately the Axalta merger now appears the most likely outcome,” Bray said.<\/p>","protected":false},"excerpt":{"rendered":"

Two major paint manufacturers have abandoned their joint attempt to purchase Dutch paint company AkzoNobel after their $14.5 billion offer was turned down. AkzoNobel’s stock price plummeted more than 20% following the announcement, potentially marking the company’s worst trading day ever.<\/p>\n","protected":false},"author":4,"featured_media":75922,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[834],"tags":[],"class_list":["post-75923","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/06\/news-1780474894471.jpg?fit=450%2C293&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/pbtNqq-jKz","jetpack-related-posts":[{"id":72481,"url":"https:\/\/tvdelmarva.com\/wp\/dutch-paint-giant-turns-down-85-per-share-buyout-bid-from-two-major-rivals\/","url_meta":{"origin":75923,"position":0},"title":"Dutch Paint Giant Turns Down $85-Per-Share Buyout Bid from Two Major Rivals","author":"Admin","date":"May 27, 2026","format":false,"excerpt":"AkzoNobel, the company behind Dulux paint, has declined a $85 per share cash offer from competitors Nippon Paint and Sherwin-Williams. The Dutch firm says the proposal undervalues the company and prefers its planned merger with U.S. coatings manufacturer Axalta.","rel":"","context":"In "Business"","block_context":{"text":"Business","link":"https:\/\/tvdelmarva.com\/wp\/category\/business\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/05\/news-1779873911216.jpg?fit=450%2C293&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":55731,"url":"https:\/\/tvdelmarva.com\/wp\/middle-east-conflict-drives-up-business-costs-across-multiple-industries\/","url_meta":{"origin":75923,"position":1},"title":"Middle East Conflict Drives Up Business Costs Across Multiple Industries","author":"Admin","date":"April 22, 2026","format":false,"excerpt":"The ongoing U.S.-Israeli conflict with Iran is forcing companies worldwide to raise prices and cut forecasts as shipping disruptions and higher fuel costs squeeze profit margins. Industries from paint manufacturing to airlines are warning investors about reduced visibility and mounting financial pressures from the crisis.","rel":"","context":"In "Business"","block_context":{"text":"Business","link":"https:\/\/tvdelmarva.com\/wp\/category\/business\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/04\/news-1776860587715.jpg?fit=450%2C300&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":28699,"url":"https:\/\/tvdelmarva.com\/wp\/man-arrested-for-vandalizing-churchill-statue-in-london-with-palestinian-messages\/","url_meta":{"origin":75923,"position":2},"title":"Man Arrested for Vandalizing Churchill Statue in London with Palestinian Messages","author":"Admin","date":"February 27, 2026","format":false,"excerpt":"A 38-year-old man was taken into custody after spray-painting pro-Palestinian messages on Winston Churchill's statue in central London. The suspect allegedly wrote phrases including \"Zionist war criminal\" and \"Free Palestine\" in red paint on the bronze monument.","rel":"","context":"In "World News"","block_context":{"text":"World News","link":"https:\/\/tvdelmarva.com\/wp\/category\/world-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/02\/news-1772199181869.jpg?fit=1000%2C666&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/02\/news-1772199181869.jpg?fit=1000%2C666&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/02\/news-1772199181869.jpg?fit=1000%2C666&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/02\/news-1772199181869.jpg?fit=1000%2C666&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":63629,"url":"https:\/\/tvdelmarva.com\/wp\/historic-federal-building-at-risk-from-trumps-proposed-white-paint-job\/","url_meta":{"origin":75923,"position":3},"title":"Historic Federal Building at Risk from Trump’s Proposed White Paint Job","author":"Admin","date":"May 8, 2026","format":false,"excerpt":"Preservation specialists are raising concerns about President Trump's proposal to paint the Eisenhower Executive Office Building white. They warn that applying paint to the historic structure's granite exterior could result in irreversible harm to the building.","rel":"","context":"In "Politics"","block_context":{"text":"Politics","link":"https:\/\/tvdelmarva.com\/wp\/category\/politics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/05\/news-1778231303365.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":30226,"url":"https:\/\/tvdelmarva.com\/wp\/rejected-painting-confirmed-as-lost-rembrandt-masterpiece-after-60-years\/","url_meta":{"origin":75923,"position":4},"title":"Rejected Painting Confirmed as Lost Rembrandt Masterpiece After 60+ Years","author":"Admin","date":"March 2, 2026","format":false,"excerpt":"A Dutch museum has authenticated a painting as a genuine Rembrandt work after it was dismissed as a fake over 60 years ago. The artwork, \"Vision of Zacharias in the Temple,\" underwent two years of high-tech analysis before being confirmed as painted by the master artist in 1633.","rel":"","context":"In "World News"","block_context":{"text":"World News","link":"https:\/\/tvdelmarva.com\/wp\/category\/world-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/03\/news-1772458360343.jpg?fit=1000%2C666&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/03\/news-1772458360343.jpg?fit=1000%2C666&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/03\/news-1772458360343.jpg?fit=1000%2C666&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/03\/news-1772458360343.jpg?fit=1000%2C666&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":63050,"url":"https:\/\/tvdelmarva.com\/wp\/federal-panel-reviews-trumps-plan-to-paint-historic-dc-building-white\/","url_meta":{"origin":75923,"position":5},"title":"Federal Panel Reviews Trump’s Plan to Paint Historic DC Building White","author":"Admin","date":"May 7, 2026","format":false,"excerpt":"A federal commission is examining President Trump's controversial proposal to paint the historic Eisenhower Executive Office Building white. The plan has drawn widespread opposition from preservationists who warn the paint could damage the 19th-century granite structure.","rel":"","context":"In "Politics"","block_context":{"text":"Politics","link":"https:\/\/tvdelmarva.com\/wp\/category\/politics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/05\/news-1778151117893.jpg?fit=1000%2C666&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/05\/news-1778151117893.jpg?fit=1000%2C666&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/05\/news-1778151117893.jpg?fit=1000%2C666&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/05\/news-1778151117893.jpg?fit=1000%2C666&ssl=1&resize=700%2C400 2x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/posts\/75923","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/comments?post=75923"}],"version-history":[{"count":0,"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/posts\/75923\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/media\/75922"}],"wp:attachment":[{"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/media?parent=75923"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/categories?post=75923"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/tags?post=75923"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}