AkzoNobel Rejects Second Unsolicited Proposal from PPG
The proposal reportedly not did not reflect the current and future value of AkzoNobel.
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.
The proposal reportedly not did not reflect the current and future value of AkzoNobel. In addition, it also did not reporteldy address the uncertainties and risks for shareholders and other stakeholders.