AkzoNobel, Axalta’s $25 Billion Merger Could Harm Competition, U.K. Regulator Warns

The U.K. competition regulator warned that the proposed $25 billion merger of AkzoNobel and Axalta could harm competition. The companies, which operate in the coatings industry, face scrutiny over the potential effects of combining their businesses. The warning is part of the regulator’s review; it does not itself block the deal or represent a final ruling.