AkzoNobel confirms restructure plans after PPG walks away
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Published: Friday, 07 July 2017
AkzoNobel promises to re-engage with shareholders after its board of directors successfully rebuffs a string of takeover bids from US paint group PPG.
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,...