PPG improves offer to acquire Tikkurila for €1.52 billion

PPG and Tikkurila agreed to an improved all-cash offer of €34.00 per share, valuing Tikkurila at approximately €1.52 billion including debt and cash. Key shareholders representing 29.34% have committed to selling.

“PPG will improve its recommended offer to acquire all issued and outstanding stock of Tikkurila in an all-cash transaction.”investor.ppg.com

• 3 sources
• investor.ppg.comPPG - PPG and Tikkurila Agree on Improved Recommended OfferFeb 4, 2021
• coatingsworld.comPPG, Tikkurila Agree on Improved Recommended Offer - Coatings WorldBy: Anthony Locicero Copy Editor, New York Post, Rodman MediaFeb 4, 2021
• adhesivesmag.comMergers/Acquisitions - Articles - Page 29 | Adhesives & Sealants IndustryMar 5, 2021

Summarized from public sources; check the original articles before acting on it.