Active situationIndustrialsOngoing·Updated Apr 30, 2026·Published Nov 19, 2025
Axalta Coating Systems / AkzoNobel — $9bn industrials deal
AXTA / AKZA:NA
CMA comment period ends May 1; EC formal filing pending (Phase 2 probe likely on powder coatings). Shareholder votes targeted for mid-July. All-stock merger of equals creating #2 global coatings company behind Sherwin-Williams.
CT
CTFN Editorial
Active Situations Desk · ctfn.news
Deal snapshot — free previewOngoing
Next event
CMA — Phase 1 formal launch
May 10, 2026· in 8d
CTFN estimated close
Dec 31, 2026
Key risks
EC may require divestitures in Europe as the merging parties may control up to 50% of the powder coating market, as well as a significant portion of the vehicle refinish market. The potential divestiture process will likely have a significant impact on timing.
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