Axalta investor Artisan Partners urges rejection of AkzoNobel deal

Core Viewpoint - Artisan Partners expresses dissatisfaction with Axalta Coating Systems' plan to merge with AkzoNobel in an all-stock transaction, which is expected to create a significant player in the paint industry with an enterprise value of $25 billion [1] Company Summary - Axalta Coating Systems is planning to combine with AkzoNobel, which will result in a new entity valued at $25 billion [1] - The merger is structured as an all-stock deal, indicating that shareholders of both companies will exchange their shares for shares in the new combined company [1] Industry Summary - The merger aims to create a giant in the paint industry, potentially reshaping competitive dynamics and market share among existing players [1]