Including the assumption of net debt and minority interests.
PPG recently announced that it made a revised proposal on March 20 to acquire Akzo Nobel N.V. for €90 (~ $97) (cum dividend) per ordinary share. This reportedly represents an increase of €7 (~ $) per ordinary share from PPG’s initial offer. Including the assumption of net debt and minority interests, the proposed transaction is valued at approximately €24.5 billion, or $26.3 billion.
PPG was informed that AkzoNobel rejected this latest proposal. To date, the boards of AkzoNobel have not accepted PPG’s multiple invitations to discuss its proposals and negotiate a recommended transaction.