Raises price and commits to break-up fee if antitrust approvals cannot be secured.
PPG (NYSE:PPG) today announced that it submitted a revised proposal for a merger with Akzo Nobel N.V. (AKZA.AS; OTCMKTS:AKZOY). The proposal letter, which was provided to Antony Burgmans, Chairman of the Supervisory Board and Ton Büchner, Chief Executive Officer and Chairman of the Board of Management, detailed PPG’s increased price of €96.75 per outstanding ordinary share of AkzoNobel, comprised of cash of €61.50 and 0.357 shares of PPG common stock. Including the assumption of net debt and minority interests, the proposed transaction is now valued at approximately
You need to be logged in to see this part of the content. Please Login to access.