Dulux paint-maker AkzoNobel said Wednesday that it has rejected a bid of €12.5 billion ($14.6 billion) by U.S. rival Sherwin-Williams and Nippon Paint of Japan in favor of a merger it had already agreed with Axalta Coating Systems to form a $25 billion company.
Dulux paint-maker AkzoNobel said Wednesday that it has rejected a bid of €12.5 billion ($14.6 billion) by U.S. rival Sherwin-Williams and Nippon Paint of Japan in favor of a merger it had already agreed with Axalta Coating Systems to form a $25 billion company.
Insurance giant Royal London said Wednesday that it has picked up £42 million ($56.5 million) in pension liabilities from jeweler F.Hinds, in a deal advised by Addleshaw Goddard LLP and Mayer Brown LLP.
HSB UK & Ireland has completed a £36 million ($48.4 million) full-scheme buy-in transaction, securing the retirement benefits of 319 members of the insurance provider's program, Canada Life said Wednesday.
Scandinavian Airlines has completed a pension buy-in transaction worth £61.8 million ($831 million) for a staff retirement savings plan, securing the benefits of 708 members, Just Group PLC said Wednesday.
