0700 GMT - Dutch paints maker AkzoNobel and U.S. peer Axalta Coating Systems expect cost synergies of $600 million from their proposed merger, which doesn't seem an aggressive target, Exane BNP Paribas's Laurent Favre says in a research note. The target doesn't take into account potential top-line benefits, the analyst says. Moreover, it doesn't seem particularly at risk from the antitrust review, he adds. The companies said the majority of the cost synergies would be achieved within the first three years after completion of the merger. (adria.calatayud@wsj.com)

(END) Dow Jones Newswires

November 19, 2025 02:00 ET (07:00 GMT)

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