PPG, the world's largest paint company, wants to swallow Dorothy's parent company or be upset by the Dutch election.

PPG is based in Pittsburgh, Pennsylvania, and has a market value of about $25.9 billion.
mergers and acquisitions among global chemical industry giants are eye-popping.
PPG, the world's largest
coatings company, is also interested in buying Akzo Nobel, its rival and Dolezal's parent company, after Chemchina's takeover of Syngenta, Dow Chemical and DuPont were not fully completed.
March 9, Beijing time, Bloomberg, citing people familiar with the matter, said PPG was in the process of making a potential deal with AkzoNobel. PPG and its advisers are working on a deal that could involve the acquisition of some or all of AkzoNobel's shares, according to people familiar with the matter. Details were not made public, but no agreement was reached.
PPG and AkzoNobel declined to comment.
PPG and AkzoNobel are the two giants of the
coatings
industry, with products ranging from iPhone protective coatings to industrial

coatings. PPG acquired AkzoNobel's North American building coatings and coatings business in 2012 for $
.05 billion
2012.
PPG is based in Pittsburgh, Pennsylvania, and is valued at about $25.9 billion. With 156 plants worldwide producing paints, specialty materials and fiberglass, PPG is the world's largest manufacturer of automotive and aerospace coatings and the second largest in the construction and packaging market, according to its website. PPG also provides nuclear-grade coating protection systems for nuclear power plants, and most of the nuclear-grade protective coatings at Daya Bay, China's first commercially operated nuclear power plant, come from PPG.
, based in Amsterdam, the Netherlands, is the largest chemical company in the Netherlands and a global chemical giant with a market capitalisation of about $17 billion. AkzoNobel is Europe's largest supplier of coatings and the world's largest manufacturer of protective and marine coatings. Its portfolio spans basic chemicals, from chlorine-related products to skin cream formulations and paints used in F1 racing cars, and Dorothy, the commonly used architectural decorative paint, is also owned by AkzoNobel.
recent acquisitions in the coatings industry may also be one of the reasons PPG is interested in acquiring AkzoNobel. Sherwin-Williams Coatings plans to buy Valspar Coatings for about 9.92 billion euros, a acquisition that will create a new and largest paint manufacturer in the coatings industry and challenge PPG's current position as the world's largest. Meanwhile, Germany's Evo
AG has agreed to buy a $3.8bn coating additives business from American company Air Products and Chemicals.Jeremy Redenius, an analyst at
Bernstein, said, "We think such a merger is amazing and has amazing potential, and its logic is similar to that of potential U.S. industrial gas giants Praxair and Linde, Germany, and a merger of the world's first and second players in a relatively fragmented market."
, the Financial Times reported on March 9th that it was not clear whether the takeover talks between the two companies were friendly or whether PPG was trying to make a hostile takeover bid for AkzoNobel. According to people close to AkzoNobel, AkzoNobel has sufficient capacity to deal with hostile takeovers.
bloomberg analysis, Akzo has a Dutch association fund that has a preferred share that can be used as a safeguard against hostile takeovers, according to an analysis by Bloomberg.
, one of the biggest obstacles may yet come from political risk in the Netherlands. Dutch nationalism is on the rise ahead of general elections on March 15. At the same time, the Netherlands is increasingly wary of hostile takeovers of domestic companies.
Dutch finance minister, Jeroen Dijsselbloem, said on March 7th local time that the government should have sufficient power to allow domestic companies to take steps to prevent hostile takeovers by overseas investors in cases contrary to national interests. Earlier, when Kraft Heinz made an offer to Unilever, Mark Rutte, the Dutch prime minister, said he would examine the pros and cons of the deal for the Netherlands. Unilever later rejected the $143 billion offer, and Kraft Heinz withdrew its offer.
, an analyst at Seaport Global Holdings LLC, said in a note to clients that most PPG investors see the company's relatively low leverage as an opportunity to buy. Mike Harrison suggested buying shares in the company, saying the deal was likely to come under scrutiny from U.S. and European Union antitrust authorities.