AkzoNobel shareholders back proposed Axalta merger at EGM

• Akzo Nobel held an Extraordinary General Meeting today focused on its proposed all-share merger with Axalta.
• Shareholders adopted the merger proposal, authorizing the transaction to proceed to the next phase.
• They also endorsed amendments to the articles of association needed for the deal.
• Investors granted authority to issue shares tied to the merger; proposed board appointments were also backed.
• The merger was not completed at the meeting; closing remains subject to required approvals and customary conditions, with completion targeted for late 2026 or early 2027.

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