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,...

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