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AkzoNobel, a leading Dutch paint and coatings company, is merging with its U.S. counterpart, Axalta. This deal, valued at over $20 billion, will create one of the world's largest paint and coatings companies. The merged entity will have a market value exceeding 20 billion euros. The transaction is expected to close in the second half of 2023, subject to regulatory approvals and other customary closing conditions. Following the merger, the combined company will be headquartered in the Netherlands and listed on Euronext Amsterdam and the New York Stock Exchange.