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The Latest Breaking News from AkzoNobel

Russian billionaire sued a paint company for $100 million because his $300 million superyacht was not shiny enough, then spent $30 million repainting it

When Russian billionaire Andrey Melnichenko commissioned Motor Yacht A, he wanted a vessel that would redefine luxury yachting. Designed by Philippe Starck and built by German shipyard Blohm+Voss, the futuristic superyacht quickly became one of the most recognisable private vessels in the world. But instead of making headlines solely for…

The Times of India

Nippon Paint offers $8.6 billion for AkzoNobel unit, Bloomberg News reports

Nippon Paint has reportedly made new offers for AkzoNobel's decorative paints unit. The latest proposal values the business at approximately seven point five billion euros. AkzoNobel's management has not engaged with Nippon Paint regarding this offer. Instead, AkzoNobel is proceeding with a planned merger with Axalta. Paint companies are seeking…

The Economic Times

AkzoNobel rejects €12.5 billion Nippon Paint, Sherwin-Williams takeover offer

Dulux paint maker AkzoNobel has rejected a massive takeover offer. Rivals Nippon Paint and Sherwin-Williams proposed a €12.5 billion deal. AkzoNobel stated the offer undervalued its business and lacked certainty. The company board continues to back its planned merger with Axalta. Shareholders will vote on the Axalta deal soon. This…

The Economic Times

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Paint giant AkzoNobel reveals data breach, says US site was affected

Ransomware operators Anubis claimed the breach, saying it stole 170GB of sensitive data

TechRadar

New CEO for company behind £120m stalled Saltend plant set to produce next generation MDF

Former AkzoNobel director appointed by Accsys to lead the business

Birmingham Post

Rembrandt’s Night Watch paint recipe offers clues to the perfect wall filler

Analysis of 17th-century masterpiece by Dulux scientists revealed several ways of creating the perfect impasto

The Guardian - UK

Cost of living crisis hits household confidence; UK trade with Germany falls; FTSE 100 at two-year high – as it happened

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The Guardian - UK

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Paint Giant PPG Just Raised Its Takeover Bid for Akzo Nobel Again

It is a 50% premium over Akzo Nobel's closing price of the day before the first offer.

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