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Mega-merger being primed in the paints market

Dutch paints maker Akzo Nobel reportedly is in talks to merge with smaller U.S. rival Axalta Coating Systems, to create a paints and coatings giant worth around $30 billion.

Bottom line: This looks like a high-priced case of offense being the best defense, as Akzo Nobel earlier this year rebuffed repeated takeover offers from Pittsburgh-based PPG Industries.