AkzoNobel/Axalta: Bidding Process for Wood Coatings Business That FTC Wants Divested Reaches Mid-Stage

AkzoNobel (AKZA) and Axalta (AXTA) are taking another step toward realizing their proposed merger as bidders engage in a second round of offers for Axalta’s wood coatings business—which the FTC has required the companies to divest to address the commission’s concerns about the $25 billion tie-up, sources familiar with the matter said