Nippon Paint and Sherwin-Williams terminate acquisition plan of AkzoNobel, causing the latter's share price to drop as much as 22%
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(1) Japan's Nippon Paint Company and the US-based Sherwin-Williams Company have terminated their plan to acquire Akzo Nobel. (2) The two companies stated that this decision was due to Akzo Nobel previously rejecting their cash acquisition offer. (3) Akzo Nobel's share price dropped by as much as 22% in Amsterdam.
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