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...