Axalta Coating Systems' Shareholders Approve Previously Announced All-Stock Business Combination With Azko Nobel
Axalta Coating Systems Ltd. (NYSE:AXTA) today announced that its shareholders overwhelmingly voted to approve its previously announced all-stock merger of equals (the "Merger") with Akzo Nobel N.V.
Axalta's owners voted yes to join forces with another big paint company in an all-stock deal (using shares instead of cash). This is a green light for the merger to move forward, so watch to see if it closes smoothly and what the combined company can do together.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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