Nippon Paint Holdings $2.7 billion acquisition of Australia's DuluxGroup

Overview:

• Nippon Paint Holdings—the largest maker of paint and coatings in Japan—made a A$3.8 billion ($2.7 billion) takeover bid for Australia's DuluxGroup, which makes, sells and distributes paints, coatings, adhesives, and garden and building products.
• The takeover is subject to approval by shareholders, the courts, the Australian Foreign Investment Review Board and the New Zealand Overseas Investment Office.