Bloomberg has reported that AkzoNobel chief executive Ton Buechner has been solicited for a deal to buy Axalta Coating Systems for more than $7 billion, .

Amsterdam-based Akzo Nobel and U.S.-basedvSherwin-Williams Co. are among the possible buyers, although AkzNobel hasn’t indicated whether it will pursue Axalta, Bloomberg reported.

Axalta, bought by The Carlyle Group LP  from Du Pont Co iin 2013 for $4.9 billion, filed for an initial public offering last month that could raise as much as $1 billion.

“We do know about the business and we’ve heard of the IPO, but that’s all there is to say,” said Akzo Nobel spokeswoman Diana Abrahams, according to the Bloomberg report.