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AkzoNobel will evaluate PPG's third takeover offer.

 Last Update: 2020-08-18
 Source: Internet
 Author: User

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On the 24th, AkzoNobel confirmed receipt of a third unilateral and conditional offer from PPG Industrial Group. The offer is for all of AkzoNobel's capital. In accordance with the Company's obligations of loyalty and the legal requirements of the Dutch company, AkzoNobel's Board of Directors and Supervisory Board will jointly carefully consider and consider the offer.
AkzoNobel said the company would evaluate PPG Industries Inc's third unsolicited offer in accordance with Dutch regulations. PPG's second offer raised the offer to 96.75 euros ($105) from 88.72 euros a share, but was rejected by AkzoNobel, saying it was too low. AkzoNobel's shares are up 37.6 per cent so far this year, while PPG is up 11.8 per cent and the SPX is up nearly 5 per cent.

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