Akzo Nobel, which has owned the Dulux brand since 2008, dismisses a bid of £6.4 billion from Japanese paint maker Nippon Paint for its Dulux business. Akzo Nobel says the offer is not reflective of the unit’s value, describing it as significantly undervaluing the business. The company also states it has received multiple offers from Nippon Paint for the unit, indicating ongoing discussions or repeated proposals. The reports do not specify whether the bid is part of a formal acquisition process, nor do they provide details of any counteroffers from Akzo Nobel. The information focuses on the valuation dispute between the two companies, with Akzo Nobel positioning its stance against Nippon Paint’s stated price and framing the rejection as based on value rather than other strategic considerations. Further developments would depend on whether Nippon Paint revises its offer or whether Akzo Nobel pursues alternatives for its Dulux operations.