AkzoNobel spurns PPG again, doubles down on spin-out plans

By IM Staff
Published: Monday, 08 May 2017

The Dutch paint and chemical business AkzoNobel rebuffed another unsolicited take-over bid from US paint group PPG, the third such offer in two months.

AkzoNobel, the owner of Dulux paint, instead re-iterated its intention to spin out its speciality chemicals business into a free-standing entity, a move it said would "accelerate growth" in its paints and coatings segments.

The €26.9bn offer, of cash and shares equivalent to €96.75 per AkzoNobel share at time of...

This is a preview of the full article

  • 2 years pricing data on all minerals
  • The latest global news and features
  • Print magazine
  • Article archive ranging from 1988
  • Access on the move with IM Insight mobile app

Take a Trial or Subscription today. Start below: