PPG recently announced it has reiterated its invitation to AkzoNobel to enter into discussions to explore PPG’s proposal to form a combined company.
April 7, 2017
PPG reportedly continues to believe that a combination of the two companies has a strong strategic rationale and presents a highly compelling and unique opportunity for both AkzoNobel and PPG and their respective stakeholders.
The proposal reportedly not did not reflect the current and future value of AkzoNobel.
March 23, 2017
AkzoNobel recently announced it has rejected a second unsolicited, non-binding and conditional proposal of March 20 from PPG Industries Inc. for all of the issued and outstanding ordinary shares in the capital of AkzoNobel.