# 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.

- Type: Acquisition
- Announced: 2021-01-26
- Where: Finland
- Value: $1.83B (1.52B EUR)
- Status: announced
- Products: paints and coatings
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [PPG](https://endata.com/companies/1215.md) (acquirer)
- [Tikkurila](https://endata.com/companies/25015.md) (target)
- [Wörwag](https://endata.com/companies/51594.md) (target)

## Sources

- [investor.ppg.com](https://investor.ppg.com/news/news-details/2021/PPG-and-Tikkurila-Agree-on-Improved-Recommended-Offer/default.aspx), 2021-02-04: "PPG will improve its recommended offer to acquire all issued and outstanding stock of Tikkurila in an all-cash transaction."
- [coatingsworld.com](https://www.coatingsworld.com/breaking-news/ppg-tikkurila-agree-on-improved-recommended-offer/), 2021-02-04: "Under the improved offer, Tikkurila shareholders would receive €34 in cash for each share of Tikkurila stock they own, for a total transaction value of approximately €1.52 billion."
- [adhesivesmag.com](https://www.adhesivesmag.com/articles/topic/2641-mergers-acquisitions?page=29), 2021-03-05: "PPG recently announced that it has reached a definitive agreement to acquire Wörwag."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.