425 ·Filed Jun 24, 2026

AXTA

Axalta Coating Systems Ltd.
NEUTRAL
Impact 4/10
Horizonweeks Processed3mo ago SEC0001193125-26-281005
Rule 425 M&A communications
Actionable Insight • Neutral

The shareholder vote on August 5 is the next key catalyst. Monitor for any regulatory developments or opposition. The deal is progressing on schedule with no changes to terms disclosed.

DirectionNeutral
Confidencehigh
Horizonweeks
Latest settled — T+20d
AXTA ▼ -5.37% at T+20d
NEUTRAL call ✗ call lost -5.37% · α vs SPY -7.30% · entry $34.66 → $32.80
Next anchor: T+60d due 14d ago
Latest observation: T+57 -13.03% FF3 residual α
Entry anchored
Jun 24, 03:56 PM ET
via exchange tick
T+1d
+0.20%
call +0.20% · α +0.06%
$34.73
settled 3mo ago
T+5d
-1.33%
call -1.33% · α -3.03%
$34.20
settled 3mo ago
T+20d
-5.37%
call -5.37% · α -7.30%
$32.80
settled 2mo ago
T+60d
—
call — · α —
—
due 14d ago

Price Chart

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Executive Summary

Axalta announced that the SEC declared effective AkzoNobel's Form F-4 registration statement for the proposed all-share merger of equals. Axalta filed a definitive proxy statement and scheduled a Special Meeting of Stockholders for August 5, 2026, to vote on the merger. Completion remains subject to shareholder and regulatory approvals, with expected closing at end of 2026 or beginning of 2027.

Key Financial Metrics

Deal Type
merger

Key Facts

  • SEC declared effective AkzoNobel's Form F-4 on June 23, 2026.
  • Axalta filed definitive proxy statement on June 24, 2026.
  • Special Meeting of Stockholders scheduled for August 5, 2026 at 9 a.m. EDT.
  • Merger expected to close at end of 2026 or beginning of 2027.
  • Completion subject to approval by Axalta and AkzoNobel shareholders and regulatory approvals.

Financial Impact

No financial terms or deal value disclosed in this filing; the all-share merger of equals was previously announced in November 2025.

Risk Factors

  • Shareholder approval may not be obtained.
  • Regulatory approvals could be delayed or denied.
  • Potential competing bids or macroeconomic disruptions.

Market Snapshot

Exchange
NYSE
Sector
Paints, Varnishes, Lacquers, Enamels & Allied Prods
Analyst Consensus
52% bullish (21 analysts)

Investment Themes

Materials & Mining

Documents Analyzed

This report is based on 4 SEC documents filed with EDGAR.

DocumentAccession Number
425 Filing (Primary)0001193125-26-281005
Document: 0001193125-26-281005-index-headers.html0001193125-26-281005
Document: 0001193125-26-281005-index.html0001193125-26-281005
Document: 0001193125-26-281005.txt0001193125-26-281005
21 reports for AXTA
Performance horizon
71% Hit rate 5 of 7 directional calls best @ T+60▲ +16.39%Jun 3, 2026
Filters
Rows
Reports for AXTA — sortable, filterable
TypeNow
Aug 31, 2026
4w ago
425
NEUTRAL ★ 3/10
$36.42 $35.53▼ −2.44%▼ −2.30%$31.99 (−12.16%)
Aug 5, 2026
8w ago
425
BULLISH ★ 6/10
$37.54 $37.05▼ −1.31%▼ −2.52%$31.99 (−14.78%)
Aug 5, 2026
8w ago
425 / 8-K
BULLISH ★ 6/10
$37.54 $37.05▼ −1.31%▼ −2.52%$31.99 (−14.78%)
Aug 5, 2026
8w ago
425
BULLISH ★ 6/10
$38.07 $37.12▼ −2.50%▼ −2.85%$31.99 (−15.97%)
Aug 5, 2026
8w ago
Press Release
BULLISH ★ 6/10
$38.07 $37.12▼ −2.50%▼ −2.85%$31.99 (−15.97%)
Jul 29, 2026
9w ago
425
NEUTRAL ★ 5/10
$34.83 $38.07▲ +9.30%▲ +3.77%$31.99 (−8.15%)
Jul 29, 2026
9w ago
8-K
NEUTRAL ★ 4/10
$34.83 $38.07▲ +9.30%▲ +3.77%$31.99 (−8.15%)
Jul 23, 2026
10w ago
425 / 8-K
NEUTRAL ★ 4/10
$31.68 $36.03▲ +13.73%▲ +13.26%$31.99 (+0.98%)
Jul 13, 2026
11w ago
425
NEUTRAL ★ 6/10
$32.07 $32.34▲ +0.84%▲ +1.63%$31.99 (−0.25%)
Jul 6, 2026
12w ago
Press Release
BEARISH ★ 6/10
$35.01 $32.51▲ +7.14%▲ +7.63%$31.99 (+8.63%)
Showing 10 of 21

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