Nippon Paint offers $8.6 billion for AkzoNobel decorative paints unit

July 13 : Nippon Paint has offered to buy AkzoNobel's decorative paints business for €7.5 billion ($8.55 billion), the company said on Monday.Nippon Paint had previously sought to buy AkzoNobel's entire business along with U.S.-based Sherwin-Williams for €12.5 billion, but the bid was rejected in May, after which the two withdrew their offer.AkzoNobel did not respond to a request for comment outside regular business hours. No specific matters regarding the acquisition have been decided, Nippon Paint said.The approach was first reported by Bloomberg News on Sunday. Nippon Paint made multiple offers in the last month, but AkzoNobel did not inform shareholders, nor engage on the €7.5 billion proposal that was put forward last week, Bloomberg News reported, citing people familiar with the matt