Nippon Paint Group and Sherwin-Williams confirm Joint Proposal to acquire AkzoNobel
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Deutsche Bank: 'Akzo Acquisition Could Pressure Sherwin's Valuation Multiple'
May 28, 2026 7:14 AM EDTDeutsche Bank: 'Akzo Acquisition Could Pressure Sherwin's Valuation Multiple'.
The analyst comments "While we view Sherwins bid for a portion of AkzoNobels (Akzo) coatings businesses as strategically sound, we believe the purchase of these assets could pressure Sherwins industry leading valuation multiple (18.9x 26E EBITDA). This is because the purchase of Akzos lower multiple auto refinish and industrial coatings businesses would dilute... More
