Key facts
- Nippon Paint and Sherwin-Williams have ended their takeover pursuit of AkzoNobel.
- AkzoNobel shares tumbled after the announcement.
Nippon Paint and Sherwin-Williams have officially withdrawn their bid to acquire AkzoNobel. The news led to a sharp drop in AkzoNobel's stock price. The companies had been exploring a potential takeover of the Dutch paints and coatings manufacturer.