
Two leading names in the coatings sector are preparing for a major shift, with Axalta Coating Systems Ltd. (NYSE:AXTA) shares surging following the announcement.
Akzo Nobel N.V. (OTC:AKZOY) and Axalta Coating Systems announced that they will merge in an all-stock transaction between equals, a move expected to create a global coatings powerhouse valued at approximately $25 billion.