PPG makes third takeover bid to AkzoNobel
By Davide Ghilotti
Published: Tuesday, 25 April 2017
The US company has raised its previous offer price to take over AkzoNobel by 8% and has committed not to relocate European production facilities to the US, as well as agreeing a divestiture programme to face off possible antitrust issues.
US paints and coatings producer PPG has made a fresh attempt
at engaging Dutch group AkzoNobel in takeover discussions,
following
two previous refusals on the part of the European
company.
PPG submitted a third unsolicited proposal to AkzoNobel 24
April, including a higher price offer of €96.75 per
each...