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You are here: Home / News / AkzoNobel Rejects PPG Merger Proposal

AkzoNobel Rejects PPG Merger Proposal

March 9, 2017 By CollisionWeek Editor

AkzoNobel rejects unsolicited offer for merger, announces a review of strategic options for possible separation of its Specialty Chemicals business.

AkzoNobel announced today that it rejected an unsolicited offer from PPG to form a combined company that AkzoNobel says undervalued its business. AkzoNobel confirmed it received an unsolicited proposal from PPG for a public offer on all of the issued and outstanding ordinary shares of AkzoNobel at a price of €54.00 ($57.04) in cash and 0.3 PPG shares per AkzoNobel share, corresponding to a value of €83.00 ($87.63) per share.

In response to the offer, AkzoNobel CEO announced the company would

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Filed Under: News Tagged With: Acquisitions, AkzoNobel, PPG Industries

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