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PPG announced it has completed its acquisition of Wörwag, a global manufacturer of coatings for industrial and automotive applications.
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 announced a definitive agreement to acquire Wörwag, a global manufacturer of coatings for industrial and automotive applications, with locations in multiple countries.