Says it will assess and decide whether or not to continue to pursue an offer.
PPG (NYSE:PPG) today issued a statement on its merger proposal to AkzoNobel (AKZA.AS:AKZOY). On Monday, AkzoNobel rejected PPG’s third offer.
According to the PPG statement:
PPG has reviewed AkzoNobel’s May 8, 2017, response to PPG’s revised proposal of April 24, 2017. PPG continues to believe that its proposal is vastly superior in shareholder value creation compared to AkzoNobel’s new standalone plan and that a combination of the two companies is in the best interests of all stakeholders, including employees.
“We put forward an enhanced,