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ECONOMY

Nippon Paint decides not to purchase American company

  • December 2, 2017
  • , Asahi, Nikkei
  • JMH Summary

Saturday morning’s Asahi and Nikkei reported that Nippon Paint Holdings. Co. terminated on Dec. 1 negotiations for the purchase of the U.S. company Axalta Coating Systems. Asahi wrote that the two companies were unable to reach an agreement on the purchase price, which was expected to be more than one trillion yen. The paper said Nippon Paint will continue to consider other major acquisition deals.

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