Nippon Paint says bidding for U.S. firm Axalta as Akzo talks end

Nippon Paint says bidding for U.S. firm Axalta as Akzo talks end

FILE: An employee handles empty Dulux paint pots on the production line at Akzo Nobel NV's new paint factory in Ashington, U.K., on Tuesday, Sept. 12, 2017. Photographer: Chris Ratcliffe/Bloomberg

Nippon Paint Holdings Co. made a surprise counter-bid for Axalta Coating Systems Ltd., derailing amicable merger talks between the U.S. company and Dutch paint maker Akzo Nobel NV as the Asian firm attempts one of the biggest deals in its history.

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