Decision follows review including direct engagement with Board members of PPG.
AkzoNobel today announced it has declined a third proposal submitted by PPG Industries on April 24, for all outstanding ordinary shares in the capital of AkzoNobel.
According to AkzoNobel, the company concluded its own strategy, presented on April 19, “…offers a superior route to growth and long-term value creation and is in the best interests of shareholders and all other stakeholders.”
The strategy outlined by AkzoNobel in April called for the creation of two focused business, Paints and Coatings and Specialty Chemicals, to enable an acceleration of growth and
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