;

Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Home > Finance > Axalta investor Artisan Partners: Say 'no' to AkzoNobel deal

Finance

Axalta investor Artisan Partners: Say 'no' to AkzoNobel deal

Published by Global Banking and Finance Review

Posted on November 19, 2025

Featured image for article about Finance

By Svea Herbst-Bayliss

NEW YORK (Reuters) -Investor Artisan Partners is unhappy with Axalta Coating Systems' plan to combine with AkzoNobel in an all-stock deal that would create a paint industry giant with an enterprise value of $25 billion, according to a letter to shareholders.

"As an Axalta shareholder, we believe the only proper response to this proposed transaction is an absolute and resounding “NO,” Artisan Partners fund managers Daniel O'Keefe and Michael McKinnon wrote in a letter to Axalta shareholders, which was seen by Reuters.

The pair also said they would interested speaking with any other interested buyers.

(Reporting by Svea Herbst-Bayliss; Editing by Leslie Adler)

More from Finance

Explore more articles in the Finance category

Reactions to European Commission proposal to reverse 2035 combustion engine ban

Italy's offshore wind push languishes, putting climate goals at risk

New Rome metro stations showcase ancient treasures after years of delays

Exclusive-California Pizza Kitchen reaches buyout deal, names new leadership

Greeks protest against low wages ahead of 2026 budget vote

AI boom seen lifting chipmaking equipment sales 9% to $126 billion in 2026

New Czech government signals tough stance on migration, EU emissions rules

Exclusive-Swiss firm Barry Callebaut eyes separating cocoa division amid price volatility, sources say

Zaporizhzhia nuclear plant running on single power line, Russia says

EU talks to fund Ukraine with Russian assets make progress, key decisions seen Thursday

Shell greenlights US Gulf waterflood project to boost oil recovery

Saudi firm Midad among frontrunners to buy Lukoil's global assets, sources say

View All Finance Posts