Akzo Nobel NV and U.S. rival Axalta Coating Systems Ltd. are considering a possible merger of equals that would create a multibillion-dollar coating and paints giant, according to a person familiar with the matter. The possible deal under consideration would involve the Dutch paint company first proceeding with its existing plans to spin off its speciality chemicals business and distributing proceeds to shareholders, the person said.

Source: Wall Street Journal October 28, 2017 13:44 UTC