Sherwin-Williams Stock Rises as Investors Brush Off Bid for Rival Paint Maker -- Barrons.com

Dow Jones
05/27

By George Glover

Sherwin-Williams stock was rising Wednesday after Akzo Nobel said it had rejected a joint bid from the American paint maker and its Japanese peer Nippon Paint Holdings.

Sherwin shares climbed 1.1% to $314.80 ahead of the opening bell. Futures tracking the S&P 500 were up 0.3% as investors bet that the recent tech rally would roll on.

Akzo Nobel said in a statement on Wednesday that it had rejected a joint bid from Sherwin and Nippon Paint at an indicative price of 73 euros per share. Under the terms of the deal, Nippon Paint would launch the all-cash public offer, then sell parts of Akzo Nobel's business to Sherwin.

Sherwin-Williams and Nippon Paint didn't immediately respond to requests for comment from Barron's.

Akzo Nobel stock jumped 16% to EUR61.12 on Wednesday, erasing the Dutch paint maker's losses for the year.

Write to George Glover at george.glover@dowjones.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

 

(END) Dow Jones Newswires

May 27, 2026 05:44 ET (09:44 GMT)

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