PPG Reiterates Invitation to AkzoNobel to Discuss Merger
PPG recently announced it has reiterated its invitation to AkzoNobel to enter into discussions to explore PPG’s proposal to form a combined company.
PPG recently announced it has reiterated its invitation to AkzoNobel to enter into discussions to explore PPG’s proposal to form a combined company. 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.
“We made a compelling offer to AkzoNobel that provides its shareholders with a significant premium and the opportunity to benefit from the upside potential of a stronger company that is well positioned for future growth and value creation,” said Michael McGarry, chairman and CEO. “Together, we can create a stronger company that will benefit all of AkzoNobel’s stakeholders, including its Netherlands-based employees.”