Axalta Coating Systems on November 30 confirmed that its discussions to be acquired by Nippon Paint have ended.Axalta said in a statement that Nippon Paint’s board of directors were “unwilling to meet our expectations regarding the value of the company and assume the financial leverage necessary for a deal of this size.” According to Reuters, Axalta had rejected a $9.1-billion all-cash bid. Regarding the previous negotiation with AkzoNobel, Charles W. Shaver, Axalta’s chairman and CEO, said: “Axalta is a premier company in the coatings industry and has recently been sought after by two global competitors. While neither deal came to fruition, the keen interest by these companies underscores Axalta’s global leadership position. Our current and future operational plans have not wavered during these discussions. We are well positioned to continue as a standalone growth company and will remain disciplined in generating superior long-term value for our shareholders.”