AkzoNobel NV, owner of paints-maker Dulux, and Axalta Coating Systems said on Tuesday that they will combine their operations in an all-share deal to create a $25 billion coatings company in a merger of equals.
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WEDNESDAY, NOVEMBER 19, 2025 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

5 Firms Aid Paints, Coatings Biz Merger To Create $25B Giant

By Najiyya Budaly

AkzoNobel NV, owner of paints-maker Dulux, and Axalta Coating Systems said on Tuesday that they will combine their operations in an all-share deal to create a $25 billion coatings company in a merger of equals.

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Swiss Tech Biz Revises £287M Bid For UK Engineering Group

By Tom Fish

Swiss electronics giant Cicor said Tuesday that it has tabled a more "flexible" offer to buy British engineering group TT for approximately £287 million ($377 million), after some investors expressed concern about owning shares in a Zurich-listed company.

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Greencore To Sell Food Site After CMA Pressure Over Deal

By Dawood Fakhir

Greencore said Tuesday that it has agreed to sell its chilled soups and sauces manufacturing site to another foods company in a move to remedy concerns raised by the competition regulator over its £1.2 billion ($1.6 billion) Bakkavor takeover.

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LITIGATION

Mike Lynch's Estate Seeks To Challenge HP Fraud Judgment

By William Janes

Mike Lynch's estate asked a London court on Tuesday for permission to appeal against a judgment that found he had defrauded Hewlett Packard Enterprise, attacking a ruling that an entity set up to buy the technology entrepreneur's company was misled.

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DEALS

Healthcare Foundation Sells £351M Of Meditech Shares

By Tom Fish

The controlling shareholder in global healthcare enterprise Novo Nordisk Foundation has sold its stake in Convatec Group PLC, a U.K.-based medical technology company, for £351 million ($461 million), a regulatory statement said Tuesday.

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Belgian Investor Sells Half Its Holding In Recycler For €300M

By Dawood Fakhir

Belgian investment holding company Groupe Bruxelles Lambert said Tuesday that it has sold approximately half of its holding in Umicore, a Brussels-based recycling company, for €300 million ($348.2 million).

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LAW FIRMS IN TODAY'S NEWS

4 Stone Buildings

A&O Shearman

Baker McKenzie

Brick Court Chambers

Clifford Chance

Cravath Swaine

Davis Polk

De Brauw

Fountain Court Chambers

Freshfields

Latham & Watkins

NautaDutilh

One Essex Court

Schellenberg Wittmer

Travers Smith

COMPANIES IN TODAY'S NEWS

Axalta Coating Systems Ltd.

BlackRock Inc.

Euronext Amsterdam NV

Fort Point Capital

Greencore Group PLC

Hewlett Packard Enterprise Co.

Hiscox Ltd.

JPMorgan Chase & Co.

London Stock Exchange Group PLC

Morgan Stanley

Norges Bank Investment Management

Novo Nordisk A S

PAI Partners AB

SIX Swiss Exchange

The Goldman Sachs Group Inc.

Umicore

GOVERNMENT AGENCIES IN TODAY'S NEWS

Competition and Markets Authority

UK High Court