(Updates with the latest stock movement in the last paragraph and headline.)
Sherwin-Williams (SHW) and Nippon Paint Group abandoned their joint attempt to buy AkzoNobel, the companies said Wednesday.
The choice follows AkzoNobel's prior dismissal of two combined all-cash buyout proposals submitted by the businesses, according to the companies.
Shares of Sherwin-Williams were up about 1.4% in Wednesday trading.
Price: 296.74, Change: +3.74, Percent Change: +1.28
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