Axalta Coating Systems (AXTA) issued the following statement this morning: “Axalta today confirmed that it is engaged in discussions with Nippon Paint regarding a potential acquisition of Axalta. Axalta will pursue such a transaction only if its Board of Directors determines that it is in the best interest of Axalta to do so. There can be no assurances that a definitive agreement between the parties will be reached or on what terms.” AkzoNobel (AKZOY) last night confirmed the company is no longer in talks to acquire Axalta.