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, […]
Service King Acquires Three Location MSO in Sacramento, California Market
Service King Collision Repair Centers announced the acquisition of Sacramento California-based Gamboa’s Body and Frame. Service King now has 12 collision repair centers serving across the San Francisco, San Jose and Sacramento metro areas. As part of the deal, Gamboa’s Body and Frame locations serving downtown Sacramento, Rancho Cordova, and Roseville will begin operating as […]
AkzoNobel Rejects Third Offer from PPG
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 […]
MITA Collision Acquires Harrington Body Shop in Maryland
MITA Collision partners, Eustace Mita and Dominic DelGiorno, announced the acquisition of Harrington Body Shop in Rising Sun, Md. to do business as Harrington, a MITA Collision Company. Harrington Body Shop is a 20,000 square foot facility in business since 1954. “I was excited at the opportunity to serve both existing and new customers in […]
Boyd Group Acquires Collision Repair Center in Utah
The Boyd Group Inc. announced the April 27, opening of a Gerber-brand collision repair center in Orem, Utah. The center previously operated as Adams G3 Collision Repair and is located near the north-south interstate highway 15. “We look forward to expanding our services in Utah, and to joining the Orem community which this location has […]
Service King Acquires Two Collision Repair Centers in California
Service King Collision Repair Centers announced the company has expanded its service in Los Angeles market with the addition of two new locations through the acquisition of H Street Collision Center. The two collision repair centers are located at 1228 N. H Street in San Bernardino and 15059 La Paz Dr. in Victorville and will […]
Boyd Group Acquires Collision Repair Center in Oregon
The Boyd Group Inc. announced the April 19 opening of a Gerber-brand collision repair center in Salem, Ore. The location previously operated as C.E. Miller Auto Body and has served the community for 63 years. “We are pleased to be growing our presence in Oregon and particularly this location which is in the capital of […]
PPG Makes Third Offer to AkzoNobel
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 […]
Cambridge Automotive Group Acquires Maaco Location in Dallas, Texas
The Cambridge Automotive Group (CAG) announced the grand opening of a new Maaco location in Dallas, Texas. With this transaction, CAG now owns 34 Maaco shops across the country. Maaco Dallas is located at 8068 E R L Thornton Fwy, Dallas, Texas Cambridge Automotive Group (CAG) was formed in 2015 to pursue a growth strategy […]
Enterprise Rent-A-Car acquires CARO Autovermietung in Germany
Enterprise Rent-A-Car Germany announced an agreement to acquire Bremen-based CARO Autovermietung GmbH. The agreement, for an undisclosed sum, is subject to approval by the German Federal Cartel Office (Bundeskartellamt) and is expected to be closed in the coming weeks. Until such approval, the Enterprise and CARO Autovermietung brands will be operated independently, but when the […]
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