Thursday, June 1, 2017

PPG Announces Decision to Withdraw Proposal and Not Pursue Offer for AkzoNobel

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PITTSBURGH–(BUSINESS WIRE)–$PPG #Akzo–PPG (NYSE:PPG) today announced that it has withdrawn its proposal to combine with AkzoNobel (AKZA.AS:AKZOY) and will not pursue a public offer for all the issued and outstanding shares of AkzoNobel. PPG made the final decision today after careful consideration, including the stakeholder interests of both companies. “We were hopeful throughout this process that AkzoNobel’s Boards would see the merits of our compelling proposal to combine our two great companies and c

June 01, 2017 at 02:41PM

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