AkzoNobel announced it has received multiple conditional and non-binding proposals from Nippon Paint Holdings Co. (“Nippon Paint”) regarding the potential acquisition of AkzoNobel’s Decorative Paints business at an indicative enterprise valuation of €7.5 billion, or $8.5 billion. AkzoNobel claims the proposal significantly undervalues AkzoNobel’s Decorative Paints business, as previously communicated to Nippon Paint. The board
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