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...

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