Tag Archives: AKZOY

Akzo Nobel Rejects a Sweetened $24 Billion Takeover Bid From U.S. Paints Giant PPG

Dutch paints and coatings maker Akzo Nobel rejected a second takeover proposal from U.S. rival PPG Industries saying an improved 22.4 billion euro ($24.1 billion) offer was too low and too risky.

Akzo (AKZOY, +2.32%) said in a statement the new non-binding PPG (PPG, -1.03%)proposal made on March 20 was worth 88.72 euros per share in cash and shares, up from a first offer on March 9 worth....More>>>