AkzoNobel rejects second takeover bid from PPG

By Kasia Patel
Published: Wednesday, 22 March 2017

A second unsolicited bid by PPG has been rejected by AkzoNobel, as the company outlined risk factors, anti-trust issues and overlap between the two companies.

Dutch paints and coatings manufacturer AkzoNobel has rejected a second unsolicited, non-binding proposal from PPG Industries, made on 20 March.

"The unsolicited proposal does not warrant AkzoNobel’s engagement with PPG. The boards unanimously reject PPG’s revised proposal," the company said in a statement 22 March.

The revised...

This is a preview of the full article

Our market news and price data is reserved for registered users only.

Current customer? Login now

All of our industrial minerals price data and news is now available only through our new platform. Learn more about the intelligence we offer by visiting our Fastmarkets flagship website. If you are familiar with our reliable and trusted intelligence, fill out a request a quote form today to hear from our friendly sales staff who will create a custom license for you.


Interested in lithium prices? We now offer lithium prices and coverage free for reference. Click here to read all about it.

Interested in the wider electrification market?
Join our growing community of participants who want to learn more about electrification and how this market is developing.