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Akanksha Bakshi

Dulux Paint Parent Akzo Nobel And Axalta Merge To Form $25 Billion Coatings Giant

Axalta Akzo Nobel AXTA Axalta Coating Systems

Dulux-Photo by Magda Wygralak via Shutterstock

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.

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