AkzoNobel and Axalta Coating Systems have signed a definitive all-stock merger agreement that will create one of the world’s largest coatings companies. The combined group is expected to generate roughly $17 billion in annual revenue, with an enterprise value of about $25 billion. The new company will be listed exclusively on the New York Stock Exchange (NYSE) and will operate dual headquarters in Amsterdam and Philadelphia, with a presence in more than 160 countries.
Read full article here: turnovernews.com
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