May 27 (Reuters) - Akzo Nobel NV:

* TO RELEASE SEC FORM F-4 DETAILING ITS PROPOSED MERGER WITH

AXALTA; AKZONOBEL HAS REJECTED CASH OFFER FROM NIPPON PAINT AND

SHERWIN-WILLIAMS

* CONFIRMS THAT IT REJECTED ON MAY 1, 2026 A CONDITIONAL AND

NON-BINDING PROPOSAL FROM NIPPON PAINT AND SHERWIN-WILLIAMS

* BOTH AKZONOBEL BOARDS UNANIMOUSLY CONTINUE TO RECOMMEND

THE MERGER OF EQUALS BETWEEN AKZONOBEL AND AXALTA

* NIPPON PAINT AND SHERWIN-WILLIAMS APRIL 29, 2026 MADE A

CASH OFFER FOR ALL ISSUED AND OUTSTANDING SHARES OF AKZONOBEL AT

AN INDICATIVE OFFER PRICE OF EUR 73.00 IN CASH PER SHARE

* BOARDS CONSIDERED INDICATIVE OFFER PRICE DID NOT COME

CLOSE TO ADEQUATELY REFLECTING VALUE OF AKZONOBEL AND ITS

LONG-TERM PROSPECTS

Source text: https://tinyurl.com/bdd2c2bv

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(Gdansk Newsroom)