PPG wins bidding war for Finnish paintmaker

By William Clarke
Published: Friday, 05 February 2021

US paintmaker PPG will purchase Finnish company Tikkurila after winning a bidding war with rival AkzoNobel.

The deal values Tikkurila at $1.52 billion, beating AkzoNobel’s offer of $1.4 billion. This is the second time PPG has had to raise its bid in response to competition...

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