Akzo Nobel shares plunge 17% as Nippon Paint, Sherwin‑Williams abandon takeover
Akzo Nobel, the Dutch chemicals group behind Dulux, fell 17.2% on the Euro Stoxx 600 after Nippon Paint and Sherwin‑Williams confirmed they will not pursue a joint cash offer. The companies had earlier rejected a €73 per‑share bid, saying it undervalued the business and lacked deal certainty.