Akzo Nobel rejects PPG's takeover bid

Akzo Nobel rejected an unsolicited, non-binding proposal from PPG Industries to acquire the company for €83.00 per share, valuing Akzo at €20.9 billion. Akzo Nobel also announced it is considering spinning off its specialty chemicals unit.

“The unsolicited proposal we received from PPG substantially undervalues our company and contains serious risks and uncertainties.”breakingthenews.net

• 3 sources
• breakingthenews.netAkzo Nobel declines PPG's takeover bid - Breaking The NewsChristian Baha, ITMar 9, 2017
• cen.acs.orgRejecting PPG bid, AkzoNobel will exit chemicalsMichael McCoyMar 9, 2017
• usglassmag.comAkzoNobel Still Not Seeing Eye-to-Eye with PPG on Takeover BidNews EditorMar 23, 2017

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