U.S. paint maker Sherwin-Williams and Nippon Paint of Japan said Wednesday that they have abandoned their €12.5 billion ($14.5 billion) pursuit of AkzoNobel after the owner of the Dulux brand rejected their advances.
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THURSDAY, JUNE 4, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

Sherwin-Williams, Nippon Paint Drop €12.5B AkzoNobel Bid

By Najiyya Budaly

U.S. paint maker Sherwin-Williams and Nippon Paint of Japan said Wednesday that they have abandoned their €12.5 billion ($14.5 billion) pursuit of AkzoNobel after the owner of the Dulux brand rejected their advances.

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Howdens To Buy Parent Co. Of DIY Kitchens In £390M Deal

By Dawood Fakhir

Trade-only kitchen maker Howdens said Wednesday that it has agreed to acquire the parent company of DIY Kitchens in order to step into the direct-to-consumer market, in a deal that values the online business at £390 million ($524 million).

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Tritax Sells 6 Assets For £199M To Sweden's EQT Real Estate

By Najiyya Budaly

The real estate arm of Swedish private equity firm EQT AB said Wednesday that it has bought a portfolio of six logistics assets in the U.K. from Tritax Big Box REIT PLC for £199 million ($268 million).

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MERGER REVIEW

EU Approves BASF Buy With Conditions

By Aneeta Mathur-Ashton

The European Commission on Monday approved the acquisition of BASF's coatings division by investment company Carlyle Group and the Qatar Investment Authority.

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DEALS

Investment Vehicle IIG Extends Deadline For £600M Takeover

By Dawood Fakhir

Intuitive Investments Group PLC said Wednesday that acquisition company Acceler8 Ventures has been given more time to finalize its offer to acquire the investment company for approximately £600 million ($807 million).

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Insurer L&G Takes On £10M Pension Plan For Property Co.

By Martin Croucher

A property management company has offloaded £10 million ($13.4 million) of its workplace pension liabilities to insurer Legal & General, advisers said Wednesday, in a deal steered by Neon Legal.

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Brief

PE-Backed Brokerage JMG Buys 3 UK Insurance Firms

By Martin Croucher

Private equity-backed JMG Group has said that it has bought three more insurance and risk service businesses across England and Scotland as the insurance broker continues to grow.

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WTW Snaps Up Crypto Company In Digital Finance Expansion

By Joel Poultney

Broker WTW has acquired a web-based insurance platform designed to provide access to insurance products for cryptocurrency and digital assets, a move the broking and advisory business said would help "shape the future of risk transfer" in the digital economy.

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LAW FIRMS IN TODAY'S NEWS

A&O Shearman

Burges Salmon

Cravath Swaine

Davis Polk

De Brauw

Freshfields

Kirkland & Ellis

Latham & Watkins

Mayer Brown

Milbank LLP

NautaDutilh

Sidley Austin

Skadden Arps

Weil Gotshal

COMPANIES IN TODAY'S NEWS

Aviva SA

Axalta Coating Systems Ltd.

BASF SE

EQT AB

EQT Corp.

London Stock Exchange Group PLC

Nouryon Chemicals Holding BV

Qatar Investment Authority

TRM Labs Inc.

The Carlyle Group Inc.

The Sherwin-Williams Co.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Competition and Markets Authority

European Commission

Financial Conduct Authority

Financial Services Compensation Scheme