AkzoNobel confirms restructure plans after PPG walks away

Published: Monday, 05 June 2017

The AkzoNobel board has successfully rebuffed a takeover bid from US firm PPG and now pledges a shake-up and "increased dialogue" to placate rebellious shareholders.

Dutch paint firm AkzoNobel reaffirmed plans to increase dividends and spin out its chemical arms, pledging to re-engage with shareholders after US paint group PPG walked away from a takeover bid.

The board of Akzo, which owns the paint brand Dulux, has rejected a string of informal offers from PPG, despite...

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