RPM International Set to Report Q1 Fiscal 2027 Results on Oct. 6

AkzoNobel said on Monday it has agreed to sell its Southeast Asian decorative paints business to Nippon Paint for $1.35 billion, concluding its strategic review of its Asian decorative paints portfolio. The sale covers decorative paints operations in Vietnam, Indonesia, Malaysia, Thailand, Singapore, Papua New Guinea, and Australia, the Dutch paints maker said, adding that it expects net cash proceeds of about $1 billion after tax and payments to minority partners. The Dulux paintmaker earlier divested its decorative paints operations in India and Pakistan for $1.6 billion and 50 million euros, respectively. The Indonesia deal is expected to close separately in late 2026, while the remaining transactions are expected to close around mid-2027. AkzoNobel said it will now focus on the successful closing of its merger with US coatings maker Axalta, which was announced last November.

Wendel finalized the sale of its stake in Stahl, excluding Muno, to Henkel for an enterprise value of €2.1 billion after receiving all required regulatory approvals. The transaction generated total net proceeds of approximately €1.14 billion for Wendel after debt and transaction costs, a multiple of 6.3 times its total investment since 2006, which included €427m of past proceeds, and an annualized IRR of over 15% over 20 years. That compares with a value of €960 million for Stahl in Wendel's net asset value published before the transaction announcement, as of September 30, 2025, a premium of about 20%. Wendel said the sale marks a key milestone in the roadmap it presented in early December 2025 and supports its long-term value creation and portfolio rotation objectives. In 2026 alone, Wendel announced significant asset disposals totaling €1.6 billion, completed the acquisition of Committed Advisors, and will return more than €500 million to shareholders, including a July share buyback representing 9% of its share capital.

Clariant has acknowledged the closing of the Stahl transaction between Wendel SE and Henkel, a deal that triggers its contractual obligation to sell its minority stake. Clariant held a minority stake of 14.6 % in Stahl Group, and its participation in the closing results in a preliminary cash proceed of CHF ~ 220 m pre-tax. The company said the existing shareholder agreement included a contractual obligation for Clariant as minority shareholder to participate in the transaction following notification from Wendel SE. The announcement was made in Muttenz on 01 October 2026.

Activist investor Ancora Holdings raised its bid for H.B. Fuller's building adhesives unit to as much as $1.4 billion after the chemicals company rejected its earlier offer last month. Ancora is offering to pay between $1.2 billion and $1.4 billion in cash for the adhesives unit, up from a bid of as much as $1.2 billion last month, according to a letter sent to the Fuller board on Tuesday. The activist said it has obtained a "highly confident" letter from Fortress Investment Group related to being able to satisfy debt requirements, and that the offer is based entirely on publicly available information, with Ancora prepared to adjust its bid after due diligence. The revised bid represents roughly 50% of H.B. Fuller's current equity value, while the building adhesives segment accounts for only about 20% of consolidated revenue, and it values that unit at 8.5x to 9.9x LTM EBITDA and 9.0x estimated 2026 EBITDA, versus H.B. Fuller trading at about 7.0x 2026 EBITDA. Ancora CEO Fredrick DiSanto and President James Chadwick wrote that a negotiated transaction is a far better path for H.B. Fuller and its shareholders than an ongoing public disagreement, and Fuller shares have dropped 15% since the company rejected the Ancora offer on Aug. 24.